Stockholders' equity: Preferred stock, $25 par, 8% Common stock, $1.00 par Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity For common stock only. $500,000 $500,000 150,000 150,000 2,500,000 2,500,000 1,205,500 1,437,570 $4,355,500 $4,587,570 $5,295,800 $5,557,800 Also, assume that the price per common share for Santiago is $20. Required: Compute the price-earnings ratio. Round earnings per share to two decimal places and use the rounded number to calculate the price-earnings ratio. Round the answer to two decimal places.