Financial information for Forever 18 includes the following selected data:

DID EARNINGS PER SHARE INCREASE IN 2021?

IN WHICH YEAR IS THE STOCK PRICED LOWER IN RELATION TO REPORTED EARNINGS?

Required information [The following information applies to the questions displayed below.) Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 259 $ 26 350 $11.12 2020 $ 134 $ 17 200 $10.07 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share Earnings per share 2020 2021 Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 259 $ 26 350 $11.12 2020 $ 134 $ 17 200 $10.07 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021