The following information pertains to Sunland Company. Assume that all balance sheet amounts represent both average and ending balance fores. Assume that will sales were on credit. Assets $ 45700 Cash and short-term investments 33100 Accounts receivable (net) 27600 Inventory Property plant and equipment 212000 5318400 Total Assets Liabilities and Stockholders' Equity Current liabilities $ 50000 80200 Long-term liabilities Stockholders'equity-common 188200 Total Liabilities and Stockholders' Equity $318400 Income Statement Sales revenue $111000 Cost of goods sold 65200 45800 Gross margin Operating expenses Net income $ 35750 5500 Number of shares of common stock Market price of common stock Dividends per share on common stock $13 760 Cash provided by operations $45000 What is the price-earnings ratio for this company? 0.7 times 2.0 times 1.4 times 1.1 times