The following data relate to Edger Company 2018 Earnings per share 1.08 Cash dividends per common share 0.80 Market price per common share 12.94 Common share outstanding 25,380,000 Total assets 1,264,086.000 Total liabilities 823,758,000 Nonredeemable preferred stock (16,600,000 Preferred dividends 4,567,000 Net income 32,094,000 Based on these data, compute Price/earnings ratio 12.98% 11.9898