11) Use the below information to answer the following question. Income Statement For the Year Net sales $827,500 COGS 611,800 Depreciation 23,100 EBIT $192,600 Interest 9,700 Taxable income $182,900 Taxes 6,200 Net income $176,700 End of Year Cash Balance Sheet Beginning of Year $ 38,200 91,400 203,900 $ 43,700 86,150 214,600 Accounts receivable Inventory Net fixed assets Total assets 516,100 537,950 $849,600 $882,400 $136,100 329,500 $104,300 298,200 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings Total Liab & Equity 82,000 75,000 309.000 $849,600 397,900 $882,400 What is the price-sales ratio if the market price is $43.20 per share? (Use end-of-year values) A) 3.92 B) 2.43 C) 3.67 D) 4.28 E) 4.51