Calculating key financial ratios. Selected financial information about Backpackins

Resources, Inc. is as follows:

Total assets $$20,000,000$

Total liabilities $,$$$8,000,000$

Total preferred stock $$3,000,000$

Total annual preferred stock dividends

Net profits after tax $$2,500,000$

Number of shares of common stock outstanding $500,000$ shares

Current market price of common stock $$50\mathrm{.}00$ a share

Annual common stock dividends $$2\mathrm{.}50$ a share

Using the company's financial information, compute the following: EPS, P$/$E RATIO