Galaxy United Inc 2019 Balance Sheet Cash 16,500 Account Payable 134,700 Account Receivable 56,700 Long term debt 135,500 Inventory 186,700 Total Liabilities 270,200 Current Assets 259,900 Common Stock 140,000 Net fixed Assets 282,100 Retained Earnings 131,800 Total Assets 542,000 Total Liabilities & Equity 542,000 Galaxy United Inc 2019 Income Statement Net Sales 614,100 Cost of Goods Sold 21,400 Depreciation 11,200 Earnings before Interest and Taxes 81,500 Interest Expenses 10,100 Earnings before Taxes 71,400 Taxes 28,900 Net Income 42,500 What is the price-earning (PE) ratio if the market price is $18.49 per share? The par value of the common stock is $1 per share. A. 52.43 B. 60.91 C. 43.67 D. 34.22