Following Is Some Financial Information for Dell Inc -What Is Dell's P/E Ratio for 2006?
A) 27

Following is some financial information for Dell Inc.
$$\begin{array} { | l | r | r | } \hline & { 2006 } & { 2005 } \\\hline \text { Revenues } & \$ 49,205 & \$ 41,444 \\\hline \text { Net income } & 3,043 & 2,645 \\\hline \text { Total assets } & 23,215 & 19,311 \\\hline \text { Shareholder's equity } & 6,485 & 6,280 \\\hline \text { Cash flow from operations } & 5,310 & 3,670 \\\hline \text { Basic earnings per share } & 1.21 & 1.03 \\\hline \text { Book value per share } & 2.61 & 2.46 \\\hline \text { Closing stock price } & 33.44 & 23.86 \\\hline\end{array}$$
-What is Dell's P/E ratio for 2006?

A) 27.63
B) 12.81
C) 23.65
D) 9.70