Question: 7 of 9 (1 complete) UIO. U PS Problem 4-14 (similar to) (Market value ratios) Garret Industries has a pricelearnings ratio of 14.61X a. If

7 of 9 (1 complete) UIO. U PS Problem 4-14 (similar to) (Market value ratios) Garret Industries has a pricelearnings ratio of 14.61X a. If Garret's earnings per share is $1.78, 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 $9.24 a. The price per share of Garret's stock is $ (Round to the nearest cent.)

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