Required information [The following Information applies to the questions displayed below.] Markus Company's common stock sold for $4.75 per share at the end of this year. The company paid a common stock dividend of $0.57 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 44.000 $ 43,200 Accounts receivable $ 92.000 $ 66,200 Inventory $ 73.300 $ 92.000 Current assets $ 209,300 $ 201,400 Total assets $ 750.000 $ 809,000 Current liabilities $ 84,000 $ 87,000 Total liabilities $ 210,000 $ 189,000 Common stock, $1 par value $ 158,000 $ 158,000 Total stockholders' equity $ 540.000 $ 620.000 Total liabilities and stockholders' equity $750,000 $809.000 This Year Sales (all on account) $1,080.000 Cost of goods sold $ 626.400 Gross margin $ 453.600 Net operating Income $ 276,500 Interest expense $ 14,000 Net Income $ 183,750 2. What is the price-earnings ratlo? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price.earnings ratio