Tempel Corporation has provided the following data: 
The market price of common stock at the end of Year 2 was $2.77 per share. The company's price-earnings ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
Definitions:
Honk Their Horns
A common way drivers communicate urgency, prompt attention, or express frustration using their vehicle's horn.
Stalled Car
A situation where a vehicle ceases to move or operate due to mechanical failure or another issue.
Social Learning Theory
A theory that posits individuals learn behaviors, norms, and values by observing and imitating the actions of others within a social context.
Novel Task
A new or unfamiliar activity that requires an individual to apply effort and skill to accomplish it.
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