3. Gary's Goods recorded a net profit of 250,000 in their income statement for the current financial year. They have 5,000 ordinary shares in issue. They paid out 15,000 in dividends to preference shareholders, and declared an ordinary share dividend of 30,000 during the year. Ordinary shares in Gary's Goods are trading at a market price of 80 per share, while preference shares are trading at a price of 40 per share. What is the price earnings ratio for Gary's Goods for the financial year? Select one: a. 1.6 O b. 1.82 C. 0.85 O d. 1.7