Kellman Company Year 2 Year 1 $600,000 $560,000 Total current assets Total investments 60,000 40,000 Total property, plant, and equipment 900,000 700,000 Total current liabilities 125,000 65,000 Total long-term liabilities Preferred 9% stock, $100 par 350,000 250,000 100,000 100,000 Common stock, $10 par 600,000 600,000 Paid-in capital in excess of par-Common stock 75,000 75,000 Retained earnings 310,000 210,000 ng: Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $20,000 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 27 (Round intermediate calculation to two decimal places and final answers to one decimal place.)