Napoli Industries had net income for the year 2016 of $650,000. Napoli had an average number of shares outstanding at the end of the year of 500,000 shares. The market price of Napoli's stock on January 1, 2016 was $20 per share. On December 31, 2016, the market price was $22 per share. The price-earnings ratio for Napoli at year end is closest to:
A. 16.9
B. 16.2
C. 15.4
D. None of these answer choices are correct
