please show me how to calculate "Price-earnings ratio". thank you

J. Paid cash for prepaid expenses, $200,000 PR 14-4B Measures of liquidity, solvency and profitability Obj. 3, 4,5 ies The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel rs common stock was $119.70 on December 31, 20Y2. .4 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 5,375,000 900,000 20Y1 $4,545,000 Net income .. . 925,000 $6,275,000 $5,470,000 Dividends: On preferred stock On common stock... $45,000 45,000 50,000 s 95,000 95,000 $5,375,000 50,000 Retained earnings, December 31$6,180,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 20Y2 10,000,000 9,400,000 5,350,000 Cost of goods sold. $ 4,650,000 $4450,000 Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income $ 2,000,000 $1,880,000 1,500,000 $ 3,500,000 $3,290,000 $ 1,150,000 $1,160,000 $ 1,300,000 $1,300,000 s 1,130,000 $1,150,000 $ 900,000 925,000 150,000 170,000 150,000 230,000 225,000 140,000 Other expense (interest) Income before income tax ..$ Income tax expense Net income.. Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Accounts receivable (net)... ,010,000 1,000,000 740,000 510,000 1,190,00 950,000 229,000 $3,690,000 $3,089,000 2,300,000 3,740,0003,366,000 . . .9,780,000 $8,755,000 2, Property, plant, and equipment (net) Total assets . . .. Liabilities s 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10% Bonds payable, 1096 200,000$ Total long-term liabilities .. Total liabilities 1,500,000 ,500,000 . $1.700,000 $1,500,000 . $2,380,000 Stockholders' Equity s 500,000 $ 500,000 500,000 6,180.000 5,375,000 Total stockholders equity.. Total liabilities and stockholders equity... 180,000 $6375,000 760,000 $3.755.000