Markus Company's common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash 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 This Year $980,000 $ 568,400 $ 411,600 Ending Balance $ 40,000 $ 84,000 $ 70,600 $194,600 $ 699,000 $ 78,000 $ 184,000 $ 152,000 $515,000 $699,000 Beginning Balance $ 40,200 $ 63,700 $ 84,000 $187,900 $ 755,600 $ 76,500 $ 165,600 $ 152,000 $590,000 $ 755,600 Net operating income Interest expense Net income $ 263,250 $ 13,500 $174,825 2. What is the price-earnings ratio? (Do not round intermediate calculations. Rc Price-earnings ratio