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Casper's Cookie Company had net income of $1,940,000 and paid dividends to common stockholders of $310,000 in 2020. The weighted average number of shares outstanding

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Casper's Cookie Company had net income of $1,940,000 and paid dividends to common stockholders of $310,000 in 2020. The weighted average number of shares outstanding in 2020 was 242,500 shares. Casper's Cookie Company's common stock is selling for $56 per share on the NASDAQ. What is Casper's Cookie Company price-earnings ratio? Show your work

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