Question: For calendar 2 0 2 3 , Blossom Corp. reported net income of $ 3 0 6 8 0 and earnings per share of $

For calendar 2023, Blossom Corp. reported net income of $30680 and earnings per share of $5.00. There were 12,000 common shares outstanding during 2023. On Dec 31,2023, the market price for Blossom's common shares was $40. To the nearest whole number, what is Blossom's price earnings ratio at Dec. 31,2023?
(a)40
(b)8
(c)767
(d)271

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