Southern Foods Has Net Income of $39,900,net Sales of $318,600,total

Southern Foods has net income of $39,900,net sales of $318,600,total assets of $663,000,common stock of $106,800 with a par value of $1 per share,and retained earnings of $224,400.The stock has a market value of $5.45 per share.What is the price-earnings ratio?

A) 17.12
B) 19.94
C) 12.82
D) 14.59
E) 16.64