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: Using the balance sheets for Kellman Company, if net income is $112,100 and interest expense is $37,700 for Year 2, and the market price of common shares is $50, what is the price-earnings ratio on common stock for Year 2 ? (Round intermediate canswer to two decimal places.) a. 10.46 b. 10.59 C. 2.05 d. 24.39