Calculate the price-earnings ratio for 2013 and 2012. The common stock selling price at year-end 2013 was $1.95 and for 2012 was $1.55.(Round your intermediate calculations and finalanswers to 2 decimal places.)

ORLANDO, INC. Comparative Income Statement Years Ended December 31, 2013 and 2012 Amounts 2013 1,640,000 2012 1,490,000 84,000 73,100 1,556,000 1,006,000 1,416,900 904,000 Gross Profit on Sales 550,000 512,900 Selling Expenses General Expenses 214,000 209,000 203,100 188,100 Total Expenses 423,000 391,200 127,000 121,700 38,100 36,510 88,900 85,190 Sales Less Sales Returns and Allowances Net Sales Cost of Goods Sold Net Income Before Income Taxes Income Tax Expense Net Income After Income Taxes ORLANDO, INC. Comparative Balance Sheet December 31, 2013 and 2012 2013 Assets 2012 Current Assets Cash Accounts Receivable (Net) Inventory 176,100 207,500 133,500 169,000 184,000 99,000 Total Current Assets 517,100 452,000 Property, Plant, and Equipment Buildings (Net) Equipment (Net) Land 199,000 94,000 79,000 213,500 103,500 79,000 Total Property, Plant, and Equipment 372,000 396,000 Total Assets 889,100 848,000 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Other Current Liabilities 149,000 39,000 178,500 55,500 Total Current Liabilities 188,000 234,000 Long-Term Liabilities Bonds Payable 109,000 109,000 Total Long-Term Liabilities 109,000 109,000 Total Liabilities 297,000 343,000 Stockholders' Equity Common Stock ($1 par) Retained Earnings 290,000 302,100 290,000 215,000 Total Stockholders' Equity 592,100 505,000 Total Liabilities and Stockholders' Equity 889,100 848,000 Calculate the price-earnings ratio for 2013 and 2012. The common stock selling price at year-end 2013 was $1.95 and for 2012 was $1.55. (Round your intermediate calculations and final answers to 2 decimal places.) Price-earnings ratio 2013 2012 :1 :1