The following information pertains to Swifty Company. 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 (net) Total Assets $ 43000 27000 17000 207000 $294000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 48000 90000 156000 $294000 Income Statement Sales (net) Cost of goods sold Gross profit Operating expenses Net income $ 90000 50000 40000 12000 $ 28000 Number of shares of common stock Market price of common stock Dividends per share 8000 $28 0.50 What is the price-earnings ratio for Swifty