The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $628,900 $561,600 Total investments 62,000 50,400 Total property, plant, and equipment. 853,200 628,300 Total current liabilities 103,700 87,700 Total long-term liabilities 288,300 249,200 Preferred 9% stock, $100 par 80,100 80,100 Common stock, $10 par 582,800 582,800 Paid-in capital in excess of par-Common stock 68,500 68,500 Retained earnings 420,700 172,000 Using the balance sheets for Kellman Company, if net income is $112,100 and interest expense is $43,400 for Year 2, and the market price of common shares is $38, what is the price-earnings ratio on common stock for Year 27 (Round intermediate calculation and final answer to two decimal places.) Oa. 10.91 Ob. 11.17 Oc. 1.40 Od. 21.11