The Foundational 15 (Algo) (L014-2, L014-3, L014-4, LO14-5, L014-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 35,000 $ 70,000 $ 60, 700 $ 165, 700 $ 557,000 $ 67,500 $ 152,000 $ 133,000 $ 405,000 $ 557,000 Beginning Balance $ 34,000 $ 55,000 $ 70,000 $ 159,000 $ 586,800 $ 55,500 $ 136,800 $ 133,000 $ 450,000 $ 586,800 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expenso Net income This Year $ 825,000 $ 478,500 $ 346,500 $ 194,250 $ 10,500 $ 128,625 Foundational 14-2 (Algo) 2. What is the price-earnings ratio? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price-eamings ratio S NA