Rossdale, Inc., had additions to retained earnings for the year just ended of $600,000. The firm paid out $200,000 in cash dividends, and it has ending total equity of $7 million. If the company currently has 400,000 shares of common stock outstanding, and the stock currently sells for $50 per share, what is the priceearnings ratio?

Group of answer choices 10 20 5 25 15 30