The following information pertains to Blue Spruce Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

The following information pertains to Blue Spruce Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 46100 25500 29700 211000 $312300 $ 56000 83100 173200 $312300 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $118000 65100 52900 36650 $ 16250 6500 $27 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 5.70 $49000 What is the price-earnings ratio for this company? O 10.8 times O 5.8 times O 3.6 times O 4.0 times