Ventura Enterprises Ltd. reported net income of $166,000 for the fiscal year just ended. During the year at total of $40,000 was declared and paid to the preferred shareholders and there were 56,000 common shares outstanding throughout the year. If the market price per share is $20.50 what is the price-earnings ratio for Ventura Enterprises Ltd.? Select answer from the options below 6.92 46.12 28.70 9.11