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The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $616,300 $580,600 Total investments 62,300 49,800 Total property, plant, and equipment 879,300 696,300 Total current liabilities 103,400 84,700 Total long-term liabilities 296,400 227,600 Preferred 9% stock, $100 par 94,700 94,700 Common stock, $10 par 518,100 518,100 Paid-in capital in excess of par-Common stock 66,600 66,600 Retained earnings 478,700 335,000 Using the balance sheets for Kellman Company, if net income is $109,200 and interest expense is $47,000 for Year 2, and the market price of common shares what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation and final answer to two decimal places.) a. 10.83 b. 10.05 Oc. 1.94 Od 15.56