Phelps Labs has assets of $384,000, current liabilities of $54,000, and long-term liabilities of $79,000. There is $36,800 in preferred stock outstanding; 20,000 shares of common stock have been issued.

a. Compute book value (net worth) per share. (Round the final answer to 2 decimal places.)

Book value per share$

b. If there is $32,800 in earnings available to common shareholders and Phelp's stock has a P/E ratio of 19 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Current price$

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Ratio