12. Richards Corporation had net income of $273.600 and paid dividends to common stockholders of $46,100. It had 60,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $66 per share. The price-earnings ratio (rounded to two decimal places) is a.15.67 times 273, 6oo - 16,100/49,000 ERS b.15.97 times c.13.48 times PE 66/3.71 d.14.47 times