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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 two years
Use this information for Kellman Company to answer the question that follow The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $616,800 $556,400 Total investments 67,400 44,000 Total property, plant, and equipment 926,300 650,500 Total current liabilities 116,700 84,300 Total long-term liabilities 306.800 249,200 Preferred 99 stock, $100 par 93,700 93,700 Common stock, $10 par 564,900 564,900 Pald.in capital in excess of par-Common stock 64,600 64,600 Retained earnings 463,800 194,200 Using the balance sheets for Kellman Company, if net income is $111,800 and interest expense is $30,900 for Year 2, and the market price of common shares is 548, what is the price earnings ratio on common stock for Year 2? (Round Intermediate calculation and final answer to two decimal places) O. Ob 9.97 Oc 2623 Od 100
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