Beauty Inc. Is traded at P100/share. Based on its earnings last year, it generated an earnings of P1,100,000. Preferred dividends declared and paid amount to P100,000. Also, Beauty Inc. Has issued and outstanding shares of 100,000 ordinary shares. Based on its Price to Earnings ratio, it showed that: A Beauty Inc shares is selling or traded 10X higher than earnings B Beauty Inc earnings is 10X higher than traded price C Beauty Inc earnings is lower by 10 than market value per share D Beauty Inc market value per share is higher by 10 than earnings per share