The Following Information Was Available for the Year Ended December

Multiple Choice

The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } \text { Net income } & \$ 50,000 \\\text { Average total assets } & 600,000 \\\text { Dividends per share } & 1.40 \\\text { Earnings per share } & 5.00 \\\text { Market price per share at year-end } & 70.00\end{array}$$ The price/earnings ratio for 2019 was:

A) 12.0
B) 14.0
C) 28.0
D) 50.0