Markus Company's common stock sold for $2.25 per share at the end of this year. The company paid a common stock dividend of $0.45 per share this year. It also provided the following data excerpts from this year's financial statements: Beginning Balance Cashi Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net incone This Year $550,000 $319,000 $231,000 $93,500 $ 5,500 $ 61,600 Ending Balance $29,000 $ 50,000 $18,100 $127,100 $375,000 $51,000. $ 100,000 $108,000. $275,000 $375,000 $ 44,800 $ 43,800 $ 50,000 $ 138,600 $360,000 $ 36,000 5 90,000 $ 108,000 $ 270,000 $ 360,000 Foundational 14-2 (Algo) 2. What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price-eamings ratio