The following selected information relates to Candle Company for the past two years. 
What is the price-earnings ratio for the current year?
Definitions:
Actual Cost
The real cost incurred in the production of goods or services, including all direct and indirect expenses.
Static Planning Budget
A budget based on a single level of activity, not adjusted for changes in activity levels during the period.
Static Planning Budget
A budget prepared for a single level of activity, not adjusting for changes in volume or activity.
Flexible Budget
A financial tool that adjusts according to changes in the output or activity level, providing a more accurate comparison to actual results.
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