Idle Co., a publicly listed companies reported quarterly earnings in 2022 of P75Million. Idle Co. Capital structure showed the following: Common Shares: 5Million authorized, 1.2Million issued and outstanding as of Dec. 2022. On Aug. 1, 2022, Idle Co. issued additional shares of 300,000. Preferred shares: 1Million authorized, 250,000 shares issued and outstanding, P20/share per year dividend, cumulative convertible at the rate of 1 preferred to 3 common shares. Idle Co., declared dividends for cumulative preferred shares for year 2022 The market value per share of Idle Co., is P120/share. What is Idle Co. Price to Earnings Ratio? Note: Use Weighted Average for the OS. A 0.42 B 0.40 C 0.46 D 1.60