The Hummel Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year End of current year $800,000 $504,000 $296,000 $184,000 $33,000 $79,000 $71,000 $329,000 $400,000 $56,000 $84,000 $260,000 $400,000 End of prior year Net sales revenue (all credit) Cost of goods sold Gross profit Selling/general expenses Interest expense Net income Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stockholders' equity Total liabilities and stockholders' equity $20,000 $280,000 $300,000 $16,000 $164,000 $120,000 $300,000 Hummel Corporation has the following information: Inventory and prepaid expenses account for S28,000 of the current year's current assets Average inventory for the current year is $12,000 Average net accounts receivable for the current year is S32,000 There are 10,000 shares of common stock outstanding Total dividends paid during the current year were $60,000 The market price per share of common stock is $25 What is the company's price-earnings ratio for the current year? 3.16 7.58 3.30 7.90 O A