Johnson Company had net income for 2024 of $200,000. The company had 50,000 shares of common stock outstanding at the beginning of the year and 60,000 shares of common stock outstanding at the end of the year. There were 10,000 shares preferred stock outstanding all year. During 2024, the company declared and paid preferred dividends of $20,000. On December 31, 2024, the market price of company's common stock was $20 per share and the market price of its preferred stock wa per share. How does Johnson Company's pricelearnings ratio compare on December 31, 2024 to Abbott Company that has a pricelearnings ratio of 12-24 on December 31, 2024? (Round any intermediate calculations and your final answer to the ne cent.)