The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over Balance Sheet (Millions of S) Assets 2016 Cash and securities $2,145 Accounts receivable 8,970 Inventories 12,480 Total current assets $23,595 Net plant and equipment $15,405 $39,000 Total assets Liabilities and Equity Accounts payable $7,410 Accruals 4,290 5,460 Notes payable Total current liabilities $17,160 Long-term bonds $7,800 Total liabilities $24.960 Common stock $5,460 Retained earnings 8,580 Total common equity S14,040 Total liabilities and equity $39,000 Income Statement (Millions of S) 2016 $58,500 Ncult Operating costs except depreciation 54.698 Income Statement (Millions of S) Net sales 2016 $58,500 54,698 Operating costs except depreciation Depreciation 1,024 Earnings before interest and taxes (EBIT) $2,779 829 Less interest Earnings before taxes (EBT) $1,950 Taxes 683 Net income $1,268 Other data: Shares outstanding (millions) 500.00 $443.63 Common dividends (millions of S) Int rate on notes payable & L-T bonds Federal plus state income tax rate 6.25% 35% Year-end stock price S30.42 Refer to Exhibit 4.1. What is the firm's P/E ratio? Do not round your intermediate calculations. a) 12.0 b) 13.9 OC) 12.6 I d) 13.2 e) 14.6