The balance sheets at the end of each of the first two years of operations indicate the following:

Kellman Company
Year 2 Year 1
Total current assets $612,473 $586,773
Total investments 68,639 48,923
Total property, plant, and equipment 862,028 688,979
Total current liabilities 104,393 88,141
Total long-term liabilities 320,158 239,837
Preferred 9% stock, $100 par 96,409 96,409
Common stock, $10 par 521,256 521,256
Paid-in capital in excess of par-common stock 66,123 66,123
Retained earnings 434,801 312,909
Using the balance sheets for Kellman Company, if net income is $110,515 and interest expense is $38,444 for Year 2, and the market price of common shares is $39, what is the price-earnings ratio on common stock for Year 2 (rounded to two decimal places)?

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

mauve company permits employees to occasionally use the copying machine for personal purposes