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The Penelope Corporation has 150,000 shares of common stock outstanding. Net income for the year was $615,000 Penelope declared and paid preferred stock dividends of

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The Penelope Corporation has 150,000 shares of common stock outstanding. Net income for the year was $615,000 Penelope declared and paid preferred stock dividends of $15,000 during the year Wen the market price of the stock is $20.00 per share, Penelope's prico-varnings ratio is O A $4.87 OB, $4.00 OC. $5.00 D. $5.50

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