Question: Remaining Time: 15 minutes, 25 seconds. Question Completion Status: O Greater than or less than $100,000, QUESTION 22 New Company began operations on January 1,

Remaining Time: 15 minutes, 25 seconds. Question Completion Status: O Greater than or less than $100,000, QUESTION 22 New Company began operations on January 1, 2008, and purchased temporary investments in marketable securities during the year at a cost of $65,000. The end of the period market value for these investments was $110,000. Net income was $150,000 for 2008. Determine the reported amount of marketable securities on the December 31, 2008 balance sheet. Assume a tax rate of 40 %. Please submit your answer in the following form: $100,000. QUESTION 23 For 2017, net incpme is $320,000, common stock shares outstanding are 80,000, and the market price is $24. There is no preferred stock. What is the price-earnings ratio on common stock? O 3.1 times O 7.7 times 6.0 times 2,5 times

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