Question 12 Kiwi, Inc. provides the following information for 20X8: Net income $270,000 Market price per share of common stock $55 per share Dividends paid $190,000 Common stock outstanding at Jan. 1, 2018 160,000 shares Common stock outstanding at Dec. 31, 2018 200,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. 55.00 times 40.74 times 0 36.67 times O 32.54 times