Philips Co has $ 3,000,000 of ordinary 50c shares in issue. Some of Its results for the year ended 31 December 20X5 are as follows: Profit before taxation =$ 970000.0 and Taxation = $194,000. The market price per share is currently $ 001. What is the price-earnings (P/E) ratio of Philips Co?

a 2.94

b 0.26

c 0.13

d 5.88