2016 Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock 2017 $800,000 720,000 352,000 108,000 $1,000,000 650,000 320,000 117.000 90,000 542 90,000 $39 The price-earnings ratio for 2017 is 1) 35 times 2) 30 times. 3) 42 times. 4) 3 times