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

Using the balance sheets for Kellman Company, if net income is $$118,800$ and interest expense is $$39,400$ for Year $2,$ and the market price of common shares is

$$43,$ what is the price$-$earnings ratio on common stock for Year $2?($Round intermediate calculation and final answer to two decimal places.$)$

a$.11\mathrm{.}08$

b$.2\mathrm{.}13$

c$.20\mathrm{.}19$

d$.11\mathrm{.}22$