Ocean Sailings, Inc. ("OSI") acquired an 95% interest in Stormy Cruises Corp on December 31 for $3,600,000. OSI has the ability to exercise significant influence on management decisions. The Stormy Cruises stock is publicly traded. During the year, Stormy Cruises reported net income of $180,000 and paid cash dividends of $40,000. That's a PE ratio of 20X