Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings...

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Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XX and 20XW of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Tarnings available to common shareholders Shares outstanding Earnings per share $5,100,000 3,225,000 MVV 1,875,000 670,000 330,000 875,000 56,000 819,000 430,000 389,000 20,000 $369,000 184,500 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20xx $800,000 369,000 200,000 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20XX Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-tere securities) Plant and equipment Less: Accumulated amortization Het plant and equipment Total assets. Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities. Long term liabilities: Bonds payable, 20xY Comparative Balance Sheets For 20XX and 20x $880,000 369,000 200,000 $1,049,000 December 31, 20XX 2,400,000 1,091,000 $120,000 480,000 610,000 20,000 1,210,000 120,000 1,109,000 $2,650,000 $273,000 500,000 47,000 820,000 170,000 December 31, 20x 1,800,000 761,000 $100,000 468,000 583,000 40,000 1,199,000 125,000 1,019,000 $2,363,000 $197,000 500,000 66,000 763,000 100,000 Prepaid expenses Total current assets Investments (long-tern securities) Plant and equipment Less: Accumulated amortization Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Total liabilities Shareholders equity: Preferred stock Common stock Betained earnings Total shareholders' equity Total liabilities and shareholders' equity 2,400,000 1,091,000 20,000 1,230,000 120,000 1,309,000 $2,659,000 $273,000 500,000 47,000 820,000 170,000 990,000 120,000 500,000 1,049,000 1,669,000 $2,650,000 1,800,000 761,000 40,000 1,199,000 125,000 1,039,000 $2,363,000 $197,000 500,000 66,000 763,000 100,000 863,000 120,000 500,000 880,000 1,500,000 $2,363,000 If the market value of a share of common stock is 2.7 times book value for 20XX, what is the firm's P/E ratio for 20XX? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) P/E ratio Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XX and 20XW of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Tarnings available to common shareholders Shares outstanding Earnings per share $5,100,000 3,225,000 MVV 1,875,000 670,000 330,000 875,000 56,000 819,000 430,000 389,000 20,000 $369,000 184,500 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20xx $800,000 369,000 200,000 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20XX Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-tere securities) Plant and equipment Less: Accumulated amortization Het plant and equipment Total assets. Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities. Long term liabilities: Bonds payable, 20xY Comparative Balance Sheets For 20XX and 20x $880,000 369,000 200,000 $1,049,000 December 31, 20XX 2,400,000 1,091,000 $120,000 480,000 610,000 20,000 1,210,000 120,000 1,109,000 $2,650,000 $273,000 500,000 47,000 820,000 170,000 December 31, 20x 1,800,000 761,000 $100,000 468,000 583,000 40,000 1,199,000 125,000 1,019,000 $2,363,000 $197,000 500,000 66,000 763,000 100,000 Prepaid expenses Total current assets Investments (long-tern securities) Plant and equipment Less: Accumulated amortization Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Total liabilities Shareholders equity: Preferred stock Common stock Betained earnings Total shareholders' equity Total liabilities and shareholders' equity 2,400,000 1,091,000 20,000 1,230,000 120,000 1,309,000 $2,659,000 $273,000 500,000 47,000 820,000 170,000 990,000 120,000 500,000 1,049,000 1,669,000 $2,650,000 1,800,000 761,000 40,000 1,199,000 125,000 1,039,000 $2,363,000 $197,000 500,000 66,000 763,000 100,000 863,000 120,000 500,000 880,000 1,500,000 $2,363,000 If the market value of a share of common stock is 2.7 times book value for 20XX, what is the firm's P/E ratio for 20XX? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) P/E ratio

Answer rating: 100% (QA)

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