Using the balance sheet information for Huntsville Manufacturing Company provided below, calculate the company's 2017 price to earnings ratio. Assume the company has $478,654 in 2017 net income, 500,000 in shares of common stock outstanding and a current share price of $9.75. Enter your answer as a number with four places of precision (.e. 0.1234 or 1.234) - ensure that you precede the decimal point with a number 2017 2016 Assets Current Assets Cash and Equivalents Accounts Receivable Inventory Total Current Assets Huntsville Manufacturing Company Balance Sheet as of December 31 2017 2016 Liabilities and Shareholder Equity Current Liabilities 20,385 23,500 Accrued Wages and Taxes 34,325 46,355 Accounts Payable 128,884 75,820 Notes Payable 183,594 $ 145,675 Total Current Liabilitles Long-term debt 710,685 612,875 Total abilities 38,570 22.480 130,365 157,835 111,540 72,890 $ 280,475 $ 253,205 s Long-term Assets Net Fixed Assets 210,000 170,000 $ 490,475 S 423,205 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 175,000 $ 175,000 228,804 160,345 S403,804 S 335,345 Total Assets $ 894,279 $ 758,550 Total Liabilities and Shareholder Equity $ 894.279 $ 758,550