Exhibit 13-1 Xavier Company reported the following income statement and balance sheet amounts on December 31, 2020. Net sales revenue (all credit) Cost of goods sold Gross margin Selling and general expenses Interest expense Net income 2020/ 2019 $1,700,000 1.040,000 660,000 420,000 60.000 $ 180,000 Current assets $ 100,000 $ 90,000 Long-term assets Total assets Current liabilities: $30,000 800,000 $930,000 $890,000 $ 72,000 $ 56,000 Long-term liabilities 204,000 390,000 Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity $ 72,000 $ 56,000 204,000 390,000 654,000 444,000 $930,000 $890,000 Inventory and prepaid expenses account for $50,000 of the 2020 current assets. Average inventory for 2020 is $36,000. Average net accounts receivable for 2020 is $62,000. Average one-day sales are $5,900. There are 12,000 shares of common stock outstanding at the end of 2020. The market price per share of common stock is $27 at the end of 2020. The EPS for 2020 is equal to $15 per share. Refer to Exhibit 13-1. What is the price-earnings ratio at the end of 2020 (rounded to two decimal places)? None of the answer choices is correct. 36.00 6.67 O 1.80 0.06