Weightman Corporation's Net Operating Income in Year 2 Was $76,385

Multiple Choice

Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was $36,000. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The company's price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

A) 7.14
B) 0.58
C) 5.18
D) 11.00