Question: Financial information for Forever 18 includes the following selected data (in millions): Required: 1. Calculate earnings per share in 2014 and 2015. Did earnings per

Financial information for Forever 18 includes the following selected data (in millions):

Required:
1. Calculate earnings per share in 2014 and 2015. Did earnings per share increase in 2015?
2. Calculate the price-earnings ratio in 2014 and 2015. In which year is the stock priced lower in relation to reportedearnings?

2015 2014 (S in millions) Net income Preferred stock dividends Average shares outstanding (in millions) Stock price S650 S40 400 S20.50 S480 S30 340 S18.60

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