The balance sheets at the end of each of the first two years of operations indicate the following: 
If net income is $115,000 and interest expense is $30,000 for 2012, and the market price is $30, What is the price-earnings ratio on common stock for 2012 (Round intermediate calculation to two decimal place and final answers to one decimal place) ?
Definitions:
-Penia
A suffix meaning deficiency or lack of something, commonly used in medical terminology, such as leukopenia (deficiency of white cells in the blood).
Cost/o
A prefix in medical terms related to ribs.
Crani/o
A prefix relating to the skull.
Arthrocentesis
A medical procedure involving the puncture of a joint space with a needle to remove synovial fluid for diagnostic or therapeutic purposes.
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