11.Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-Common stock Retained earnings Year 2 $615,900 68,600 875,500 102,400 278,200 80,300 574,800 61,500 462,800 Year 1 $581,700 52,100 701,700 89,800 238,400 80,300 574,800 61,500 290,700 Using the balance sheets for Kellman Company, if net income is $113,100 and interest expense is $42,300 for Year 2, and the market price of common shares is $39, what is the price-earnings ratio on common stock for Year 22 (Round intermediate calculation and final answer to two decimal places.) PE=Marret Price per share common slock a.21.20 b.10.34 earnings for shares 39 C.10.73 PL d. 1.84 12. Richards Corporation had net income of $273,600 and paid dividends to common stockholders of A 1 Tha Gh ana