On December31, Sulfur Corporation has the following dataavailable:

Net Income -- $130,000

Market price of one share of common stock -- $5

Preferred dividends -- 18,000

Weightedaverage number of shares of common stock outstanding -- 80,000 shares

Total commonstockholders' equity at the beginning of the year -- 470,000

Total commonstockholders' equity at the end of the year -- 180,000

What is the priceearnings ratio? (Round the final answer to two decimalplaces.)

A.

1.40

B.

0.40

C.

3.62

D.

3.57