Presented Below Are Selected Data from the Financial Statements of Korn

Multiple Choice

Presented below are selected data from the financial statements of Korn Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 100,000 & \$ 123,000 \\\text { Weighted average number of common shares outstanding } & 105,000 & 95,000 \\\text { Market price per share of common stock at the end of the year } & \$ 12.00 & \$ 10.00 \\\text { Earnings per share } & \$ 2.00 & \$ 1.83\end{array}$ The price-earnings ratio for 2014 is

A) 1.09.
B) 5.46.
C) 6.0.
D) 11.0.