LUW Corporation had net income for 2016 of $38.000. LUW had 8,000 shares of common stock outstanding at the beginning of the year and 22,000 shares of common stock outstanding as of December 31, 2016 During the year, LUW declared and paid preferred dividends of $11,750. Therefore, LUW's eamings per share for 2016 is $1.75. Assume the market price of LUW's common stock is $14 per share Compute LUW priceleamings ratio Select the formula, then enter the amounts to calculate the company's priceleamings ratio as of December 31, 2016 (Abbreviations used Ave average. OS outstanding, SE stockholders' guly, shrs shares. Round the ratio to two decimal places) Net income Priceleringsrato two decimal places.) = Price/ear Ave. common SE Ave. # common shrs OS Average total assets Earnings per share Market price per share I Net income reh