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Presented below are selected data from the financial statements of Korn Corp. for Year 2 and Year 1 . Year 2 Year 1 Net income

Presented below are selected data from the financial statements of Korn Corp. for Year 2 and Year 1.
Year 2
Year 1
Net income
$100,000
$123,000
Weighted average number of common shares outstanding
105,000
95,000
Market price per share of common stock at the end of the year
$12.00
$10.00
Earnings per share
$ 2.00
$ 1.83
The price-earnings ratio for Year 2 is
A.1.09.
B.5.46.
C.11.0.
D.6.0.

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