3 Quinn Corporation began the current year with 10,000 outstanding shares of Common Stock and $400,000 in Stockholders' Equity. After generating Net Income $70,000 in the current year, Quinn ended the year with 12,000 outstanding shares of Common Stock and $430,000 in Stockholders' Equity, with its stock trading at $9.70 per share when its annual results were reported. What was Quinn's Price/Earnings Ratio for the year? Multiple Choice 0.66 times 1.39 times 1.52 times 1,66 times