Naples Inc. has provided the following data concerning its stockholders equity accounts:

Net income for year 2 was $30,400. Dividends on common stock during year 2 totaled $6,400. The market price of common stock at the end of year 2 was $3.08 per share. The companys price-earnings ratio for year 2 is closest to

Year 2 Year 1 Stockholders' equity Common stock, $5 par value. Additional paid-in capital-common stock Retained eamings $400,000 $400,000 60,000 60,000 654,000 630,000 S1,114,000 $1,090,000 Total stockholders' equity