Presented below is information reported by Sunland Ltd for its past two fiscal years Dec 31, 2024 Dec 31, 2023 Common shares $74000 $59970 6 preferred shares, no par value, non cumulative 356000 356000 Retained earnings (post closing) 90000 74000 Net income for year 59970 31000 On December 31, 2024, there were 9000 common shares outstanding trading at $15 share The preferred dividend was paid No common shares have been bought or sold during the year What is the price earnings ratio in 2024

Question: Presented below is information reported by Sunland Ltd. for its past two fiscal years: Dec 31, 2024 Dec 31, 2023 Common shares $74000 $59970 6%

Presented below is information reported by Sunland Ltd. for its past two fiscal years:

	Dec 31, 2024	Dec 31, 2023
Common shares	$74000	$59970
6% preferred shares, no par value, non-cumulative	356000	356000
Retained earnings (post closing)	90000	74000
Net income for year	59970	31000

On December 31, 2024, there were 9000 common shares outstanding trading at $15/share. The preferred dividend was paid. No common shares have been bought or sold during the year. What is the price earnings ratio in 2024?

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