Income statement data for the current year and 1 year ago, follow. For Year Ended December...

 

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Income statement data for the current year and 1 year ago, follow. For Year Ended December 31 Sales Total costs and expenses Net income Earnings per share Additional information follows. Current Year 1 Year Ago 648,376 $ 577,150 543,098 $ 682,500 $ 34,124 $ 34,052 $ 2.10 Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share for 1 Year Ago Year-end balance sheets follow. $2.10 $ 31.00 29.00 0.24 0.12 At December 31 Assets Cash Inventory Supplies Equipment, net Land Total assets Liabilities and Equity Accounts payable Notes payable Common stock Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 31,500 $ 34,500 $ 37,200 89,900 47,503 9,875 346,222 62,900 58,000 84,500 52,400 10,287 4,192 292,813 218,208 $ 370,000 $ 133,340 101,661 $ 80,326 112,666 162,500 162,500 127,499 $525,000 129,508 $ 47,863 80,952 162,500 78,685 $ 485,000 $370,000 $ 525,000 $ 485,000 Enter answers in the tabs below. Required 1A Required 1B Required 2 Required 3 Compute the price-earnings ratio for each year. (Round answers to 2 decimals.) Income statement data for the current year and 1 year ago, follow. For Year Ended December 31 Sales Total costs and expenses Net income Earnings per share Additional information follows. Current Year 1 Year Ago 648,376 $ 577,150 543,098 $ 682,500 $ 34,124 $ 34,052 $ 2.10 Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share for 1 Year Ago Year-end balance sheets follow. $2.10 $ 31.00 29.00 0.24 0.12 At December 31 Assets Cash Inventory Supplies Equipment, net Land Total assets Liabilities and Equity Accounts payable Notes payable Common stock Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 31,500 $ 34,500 $ 37,200 89,900 47,503 9,875 346,222 62,900 58,000 84,500 52,400 10,287 4,192 292,813 218,208 $ 370,000 $ 133,340 101,661 $ 80,326 112,666 162,500 162,500 127,499 $525,000 129,508 $ 47,863 80,952 162,500 78,685 $ 485,000 $370,000 $ 525,000 $ 485,000 Enter answers in the tabs below. Required 1A Required 1B Required 2 Required 3 Compute the price-earnings ratio for each year. (Round answers to 2 decimals.)