Rather Corporation's annual report is as follows.

	March 31, 2018	March 31, 2019
Net Income	$352,000	$442,500
Preferred Dividends	0	0
Total Stockholders' Equity	$4,210,000	$5,152,000
Stockholders' Equity attributable to Preferred Stock	0	0
Number of Common Shares Outstanding	288,464	201,168

If the current market price is

$23.00

on March 31, 2019, compute the price/earnings ratio on March 31, 2019. (Round any intermediate calculations and your final answer to the nearest cent.)

A.

10.45

B.

12.71

C.

1.81

D.

2.2