View Policies Current Attempt in Progress The following information pertains to Marigold Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 45000 h Accounts receivable (net) 30000 Inventory 16000 Property, plant and equipment 209000 Total Assets 300000 Liabilities and Stockholders' Equity Current liabilities $ 64000 Long-term liabilities 83000 we.jpg lies 64000 Long-term liabilities 83000 Stockholders' equity-common 153000 Total Liabilities and Stockholders' Equity $ 300000 Income Statement Sales revenue $ 88000 Cost of goods sold 44000 Gross margin 44000 Operating expenses 18000 Net income $ 26000 Number of shares of common stock 4000 20000 Number of shares of common stock 4000 Market price of common stock $ 26 Dividends per share on common stock 0.90 Cash provided by operations $ 25000 What is the price earnings ratio for this company? O 4.0 times O 0.5 times O 6.0 times O 3.0 times