Required Information [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 39,000 $ 35,200 Accounts receivable $ 72,000 $ 56,200 Inventory $ 61,900 $ 72,000 Current assets $ 172.900 $ 163,400 Total assets $ 531,000 $ 550,400 Current liabilities $ 69,000 $ 60,000 Total liabilities $ 156.000 $ 140,400 Common stock, $1 par value $ 132,000 $ 132,000 Total stockholders' equity $ 375.000 $ 410,000 Total liabilities and stockholders' equity $ 531,000 $ 550,400 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 850,000 $ 493.000 $ 357,000 $ 173,375 $ 9.500 $ 114,712 2. What is the price-earnings ratio? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price-earnings ratio