Question: Financial Information for Forever 18 Includes the following selected data (n milons) S in millions) Net income Dividends on preferred stock Average shares outstanding (n

Financial Information for Forever 18 Includes the following selected data (n milons) S in millions) Net income Dividends on preferred stock Average shares outstanding (n millions) Stock price 2018 $ 2017 128 21 152 26 400 400 $ 11.57 $ 10.52 5. value 125 polnts Required: 1-a. Calculate earnings per share in 2017 and 2018 (Enter your answer in'millions (i.e. 5,500,000 should be entered as 5.5)) (S in millions) Earnings per Share 2017 2018 2-a. Calculate the price-earnings ratio in 2017 and 2018 5.55).) (Enter your Price-eaning ratio values to two decimal places. Enter your answers in millions (e. 5,550,000 should be entered as (S in millions) Price-Earnings Ratio 2017 2018 2-b. In which year is the stock priced lower in relation to reported earnings? 2018 2017
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