Ronny Blackman is considering investing in Markman, Inc. The current price of Markman is $40 a share, the after-tax earnings are $21,600,000, and there are 10,000,000 outstanding shares of common stock. What is Markman's price/earnings ratio?

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability