The Vaclav Company Reports the Following Information What Is the Price-Earnings Ratio at December 31,2012?
A) 0

The Vaclav Company reports the following information:
$$\begin{array} { l l } \text { Sales for the year ended December 31, 2012 } & \$ 106,950 \\\text { Grom profit for the year ended December } 31,2012 & \$ 45,150 \\\text { Net income for the year ended December } 31,2012 & \$ 7,300 \\\text { Total Current Assets, December } 31,2012 & \$ 18,700 \\\text { Total Current Liabilities, December } 31,2012 & \$ 7,600 \\\text { Total Assets, December } 31,2012 & \$ 48,400 \\\text { Total Liabilities, December } 31,2012 & \$ 20,850 \\\text { Average common shares outstandingin } 2012 & 1,000 \\\text { Market price per share, December } 31,2012 & \$ 75.00 \\\text { Dividends per share, for the year ended December } 3 1 , 2 0 1 2 & \$ 5.00\end{array}$$
What is the price-earnings ratio at December 31,2012?

A) 0.7
B) 10.3
C) 19.3
D) 75.0