The following amounts were taken from the financial statements of Nicklaus Company: 2017 2016 Total assets $800,000 $1,000,000 Net sales 720,000 650, 000 Gross profit 352,000 320,000 Net income 144,000 117,000 Weighted average number of common shares outstanding 120,000 120,000 Market price of common stock $36 $40 How much is the price-earnings ratio for 2017? O 10 times O 20 times 5 times O 30 times Click if you would like to Show Work for this question: Open Show Work