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Help Doonan Corporation has provided the following financial data from its balance sheet and income statement Year 2Year 1 $1,489,000 1,440,000 Total assets Stockholders' equity:

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Help Doonan Corporation has provided the following financial data from its balance sheet and income statement Year 2Year 1 $1,489,000 1,440,000 Total assets Stockholders' equity: 360,000 360,000 $70,000 70,000 $ 570,000 550,000 $1,000,000 980,000 $ 15,000 s 14,162 $26,300 Common stock, $4 par value Additional paid-in capital Retained earnings Total stockholders' equity Interest expense Income taxes (35%) Net income The market price of common stock at the end of Year 2 was $479 per share. The company's price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places) Multiple Choice O 773

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