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Robert Corporation had net income of $275,098 and paid dividends to common stockholders of $59,100. They had 52,300 shares of common stock outstanding during the

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Robert Corporation had net income of $275,098 and paid dividends to common stockholders of $59,100. They had 52,300 shares of common stock outstanding during the entire year. Robert Corporation's common stock is selling for $66 per share on the New York Stock Exchange. Determine Robert Corporation's price-earnings ratio (Round to two decimal places) Select the correct answer. 16.00 times 1.00 times 12.55 times 5.26 times

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