Question: 18 please answer parts a & b and round appropriately (Market-value ratios) Garret Industries has a price/earnings ratio of 19.93X a. If Garret's earnings per

18 please answer parts a & b and round appropriately

(Market-value ratios) Garret Industries has a price/earnings ratio of 19.93X a. If Garret's earnings per share is $1.24, what is the price per share of Garret's stock? b. Using the price per share you found in part a, determine the price/book ratio if Garret's equity book value per share is $9 72 a. The price per share of Garret's stock is $ (Round to the nearest cent.) b. Garret's price/book ratio is X. (Round to two decimal places)

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