Question: Financial information for Forever 18 includes the following selected data: Required: 1. Calculate earnings per share in 2017 and 2018. Did earnings per share increase

Financial information for Forever 18 includes the following selected data:

Required:
1. Calculate earnings per share in 2017 and 2018. Did earnings per share increase in 2018?
2. Calculate the price-earnings ratio in 2017 and 2018. In which year is the stock priced lower in relation to reported earnings?

($ in millions) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2018 2017 $ 129 308 $ 20 15 400 $12.02 $10.97 150

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