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Laurier Inc. has only common shares. The following data is available for Laurier Inc. for 2020 Earnings 2900000 Sales 3500000 Average number of common shares

Laurier Inc. has only common shares. The following data is available for Laurier Inc. for 2020 Earnings 2900000 Sales 3500000 Average number of common shares outstanding 200000 Market price per share 63 Book value per share 20 Calculate the price to earnings ratio for Laurier Inc. Round your answer to two digit places, e.g., 7.65

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