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	$611,900	$575,200
Total investments	66,700	53,900
Total property, plant, and equipment	875,700	758,600
Total current liabilities	104,800	83,600
Total long-term liabilities	298,400	247,100
Preferred 9% stock, $100 par	86,300	86,300
Common stock, $10 par	549,600	549,600
Paid-in capital in excess of parCommon stock	66,900	66,900
Retained earnings	448,300	354,200

Using the balance sheets for Kellman Company, if net income is $108,200 and interest expense is $37,400 for Year 2, and the market price of common shares is $33, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation and final answer to two decimal places.)

a.9.80

b.1.83

c.9.90

d.18.03