Assessing Martin Manufacturing's Current Financial Position

I need to determine that I have correctly figured the Price/Earnings (P/E) and Market/Book (M/B) ratios. I am attaching the balance sheet and the income statement in a word document so that these ratios can be answered.

Chapter 2 Case : Assessing Martin Manufacturing's Current Financial Position

Using the following information, I need the Price/Earnings (P/E) ratio and the Market/Book (M/B) ratios.
Martin Manufacturing Company
Income Statement for the
Year Ended December 31, 2006
Sales revenue $5,075,000
Less: Cost of goods sold 3,704,000

Gross profits $1,371,000
Less: Operating expenses
Selling expense $650,000
General and administrative expenses 416,000
Depreciation expense 152,000
Total operating expense 1,218,000

Operating profits $ 153,000
Less: Interest expense 93,000

Net profits before taxes $ 60,000
Less: Taxes (rate = 40%) 24,000
Net profits after taxes $ 36,000
Less: Preferred stock dividends 3,000

Earnings available for common stockholders $ 33,000

Earnings per share (EPS) $0.33

Martin Manufacturing Company
Balance Sheets
December 31
Assets 2006 2005
Current assets
Cash $ 25,000 $ 24,100
Accounts receivable 805,556 763,900
Inventories 700,625 763,445
Total current assets $1,531,181 $1,551,445
Gross fixed assets (at cost) $2,093,819 $1,691,707
Less: Accumulated depreciation 500,000 348,000
Net fixed assets $1,593,819 $1,343,707
Total assets $3,125,000 $2,895,152
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable $ 230,000 $ 400,500
Notes payable 311,000 370,000
Accruals 75,000 100,902
Total current liabilities $ 616,000 $ 871,402
Long-term debt $1,165,250 $ 700,000
Total liabilities $1,781,250 $1,571,402
Stockholders' equity
Preferred stock (2,500 shares, $1.20 dividend) $ 50,000 $ 50,000
Common stock (100,000 shares at $4 par)a
400,000 400,000

Paid-in capital in excess of par value 593,750 593,750
Retained earnings 300,000 280,000
Total stockholders' equity $1,343,750 $1,323,750
Total liabilities and stockholders' equity $3,125,000 $2,895,152
aThe firm's 100,000 outstanding shares of common stock closed 2006 at a price of $11.38 per share.