Question: CALCULATION OF MARKET MEASURES Based on the financial statement data in Exercise 24-1B, compute the following market measures for 20-2 (round all calculations to two

CALCULATION OF MARKET MEASURES Based on the financial statement data in Exercise 24-1B, compute the following market measures for 20-2 (round all calculations to two decimal places).

(a) Price-earnings ratio (The market price of Falcon Designers’ common stock was $38.00 on December 31, 20-2.)

(b) Book value per share of common stock

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