The following information pertains to Vaughn 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. Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term fiabilities Stockholders' equity-common Total Liabilities and Stockholders Eaulty $37000 27000 23000 215000 $302000 $59000 95000 148000 $302000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $87000 42000 45000 16000 $29000 5000 $29 $0.90 $25000 What is the price earnings ratio for this company?