Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first 2 years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $610,900 $576,000 Total investments 70,000 53,000 Total property, plant, and equipment 933,900 787,600 Total current liabilities 109,500 88,000 Total long-term liabilities 291,700 231,200 Preferred 9% stock, $100 par 88,700 88,700 Common stock, $10 par 555,300 555,300 Paid-in capital in excess of par-Common stock 66,600 66,600 Retained earnings 503,000 386,800 Using the balance sheets for Kellman Company, if net income is $107,500 and interest expense is $38,900 for Year 2, and the market price of common shares is $32, what is the price-earnings ratio on common stock for Year 22 (Round intermediate calculation and final answer to two decimal places.) b. 9.30 C10 d. 171