Southeastern IT Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $380.25 at the end of 2014. Make sure the unit is in million dollars. Make sure the unit is in million dollars.

(unit: $ in millions)

Southeastern IT Systems Balance Sheets
	2013	2014		2013	2014
Cash	$1,000	$1,200	Accounts payable	$800	$850
Accounts receivable	6,500	7,500	Notes payable	7,500	8,000
Inventory	1,500	2,000	Current liabilities	8,300	8,850
Current assets	9,000	10,700	Long-term debt	1,000	1,000
Net fixed assets	3,000	3,500	Common equity	500	500
			Retained earnings	2,200	3,850
Total Assets	$12,000	$14,200	Total Liabilities & Owners Equity	$12,000	$14,200

Income Statement
	2014
Net sales	$15,000
Cost of goods sold	10,000
Depreciation	700
EBIT	4,300
Interest expenses	400
Taxable income	3,900
Taxes	1,365
Net income	$2,535
Dividends	( )

What is the value of the price-earnings (P/E) ratio?

		0.88
		1.50
		8.70
		9.51