Question: Please show your work... Based on the above information, if net income is S130,000 and interest expense is $40,000 for 2016, and the market price

Please show your work... Based on the above information, if net income Please show your work...

Based on the above information, if net income is S130,000 and interest expense is $40,000 for 2016, and the market price is $40, what is the price-earnings ratio on common stock (round to one decimal place)? a. $18.4 b. $19.8 c. $14.9 d. $17.3

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