Shown below are selected data from the financial statements of Noble Computers. (Dollar amounts are in millions, except for the per share data.)

Income statement data:
Net sales	$	3,500
Cost of goods sold	$	1,890
Operating expenses	$	675
Net income	$	115
Balance sheet data:
Average total equity	$	540
Average total assets	$	4,400

Noble reported earnings per share for the year of $6 and paid cash dividends of $2.00 per share. At year-end, the Wall Street Journal listed Noble's capital stock as trading at $81 per share.

Noble's price-earnings ratio at year end was:

Select one:

a. 0.07

b. 13.5

c. 17

d. 1.42