Question 62 2 pts ABC Company's capital stock at December 31 consisted of the following: Common stock, P2 par value; 100,000 shares authorized, issued, and outstanding. . 10% noncumulative, nonconvertible preferred stock, P100 par value; 1,000 shares authorized, issued, and outstanding ABC's common stock, which is listed on a major stock exchange, was quoted at P4 per share on December 31. ABC's net income for the year ended December 31 was P50,000. The yearly preferred dividend was declared. No capital stock transactions occurred. What was the price earnings ratio on ABC's common stock at December 31