thanks for your help with working this question.

RAR Corporation had net income for 2018 of $44,000. RAR had 19,750 shares of common stock outstanding at the beginning of the year and 14,000 shares of common stock outstanding as of December 31, 2018. During the year, RAR declared and paid preferred dividends of $13,625. Therefore, RAR's earnings per share for 2018 is $1.80. Assume the market price of RAR's common stock is $9.00 per share. Compute RAR's price/earnings ratio. Select the formula, then enter the amounts to calculate the company's price/earnings ratio as of December 31, 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round the ratio to two decimal places.) 11 Price/earnings ratio