Virgin InterGalactic Inc.

Balance Sheet

Assets:
Cash and marketable securities			$400,000
Accounts receivable			1,415,000
Inventories			1,847,500
Prepaid expenses			24,000
Total current assets			3,686,500
Fixed assets	2,800,000
Less: accum. depr.	(1,087,500)
Net fixed assets			1,712,500
Total assets			$5,399,000
Liabilities:
Accounts payable			$600,000
Notes payable		875,000
Accrued taxes			92,000
Total current liabilities			$1,567,000
Long-term debt			900,000
Common Stock (250,000 shares issued & outstanding)			700,000
Retained Earnings			2,232,000
Total liabilities and owner's equity			$5,399,000
Net sales (all credit)			$6,375,000
Less: Cost of goods sold			(4,375,000)
Selling and administrative expense			(1,000,000)
Depreciation expense			(135,000)
Interest expense			(100,000)
Earnings before taxes			$765,000
Income taxes			(306,000)
Net income			$459,000

Based on the information above, and assuming Virgin InterGalactic's stock price is $120 per share, the P/E ratio is

Group of answer choices

A. 222.22

B. 63.56

C. 65.36

D. 26.14