A company reported the following: 
Calculate the company's price-earnings ratio. Round your answer to one decimal place.
Definitions:
Personnel Expenses
Costs associated with employee compensation, including wages, salaries, benefits, and taxes.
Cost Drivers
Factors that cause the cost of an activity or process to change.
Students
Individuals enrolled in an educational institution or program, engaged in learning and academic studies.
Courses
Educational classes or programs of study provided by an institution such as a university, college, or training center.
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