The balance sheets at the end of each of the first two years of operations indicate the following: 2017 2016 Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par--common stock Retained earnings $600,000$560,000 40,000 700,000 80,000 250,000 100,000 600,000 60,000 25,000210,000 60,000 900,000 125,000 350,000 100,000 600,000 60,000 Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, and the market price is $40, what is the price-earnings ratio on common stock (round to one decimal place)? Oa. 18.4 Ob. 17.3 O c. 19.8 O d. 14.9