9. Western Clothing, Inc. provides the following information for 2018. Net Income $260,000 Market price per share of Common Stock $50 per share Dividends paid to Common Stock holders $180,000 Common Stock outstanding at Jan. 1 2018 170,000 shares Common Stock outstanding at Dec. 31 2018 240,000 shares There is no preferred stock outstanding, Calculate the price/earnings ratio of common stock (round intermediate calculations to the nearest cent). You will use two formulas. The answer to the a. 32.68 times first one is used in the second one. b.***39.37 times C. 50 times d. 47.47 times info needed found on page