Financial Statements for Larned Company Appear Below: Dividends

Multiple Choice

Financial statements for Larned Company appear below: Dividends during Year 2 totaled $263 thousand, of which $12 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $160.

-Larned Company's price-earnings ratio on December 31,Year 2 was closest to:

A) 5.88
B) 14.50
C) 8.70
D) 8.40