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Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first 2 years

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Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first 2 years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $606,200 $555,800 Total investments 62,700 54,800 Total property, plant, and equipment 938,300 641,500 Total current liabilities 102,900 80,300 Total long-term liabilities 280,900 238,700 Preferred 9% stock, $100 par 89,300 89,300 Common stock, $10 par 530,200 530,200 Paid-in capital in excess of par--Common stock 63,700 63,700 Retained earnings 540,200 249,900 Using the balance sheets for Kellman Company, if net income is $105,600 and interest expense is $39,600 for Year 2, and the Inarket price of common shares is $36, what is the price-earnings ratio on common stock for Year 2? (Round Intermediate calculation and final answer to two decimal places.) Oa. 9.79 OD 19.57 Oc. 10.16 Od 1.84

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