Score: 0 of 20 pts 5 (0 complete) HW Score: 0%, 0 of 100 pts S13-17 (similar to) Question Help ABC Corporation had net income for 2018 of $36,400. ABC had 2,400 shares of common stock outstanding at the beginning of the year and 20,000 shares of common stock outstanding as of December 31, 2018. During the year, ABC declared and paid preferred dividends of $5,040. Therefore, ABC's earnings per share for 2018 is $1.76. Assume the market price of ABC's common stock is $13.00 per share. Compute ABC's price/earnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio as of December 31, 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round the ratio to two decimal places.) Price/earnings ratio