Bread Enterprises Had a Current Ratio of 2 What Impact Will an Increase in the Market Price of 31

Bread Enterprises had a current ratio of 2.5 on December 31 of the current year.On that date, the company's assets were as follows: $$\begin{array} { l c } \text { CASH } & \$ 100,000 \\\text { ACCOUNTS RECEIVABLE, NET } & 600,000 \\\text { INVENTORY } & 960,000 \\\text { PREPAID EXPENSES } & 25,000 \\\text { EQUIPMENT, NET } & 2,200,000 \\\text { TOTAL ASSETS } & \$ 3,985,000\end{array}$$ What impact will an increase in the market price of the company's common stock from $24.50 to $37.20 have on a company's price-earnings ratio?

A) It will increase the price-earnings ratio.
B) It will decrease the price-earnings ratio.
C) There will be no change.
D) There is not enough information to determine the answer.