11 Part 2 of 2 Skipped ebook HO Ask Required information [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data: (5 in millions) Net income Dividends on preferred stock Average shares outstanding Stock price 2024 2023 $182 $164 $34 $25 200 200 $11.27 $10.22 P 2-8. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Req 2a Req 2b Calculate the price earnings ratio in 2023 and 2024. (Enter your price-earnings ratio values to two decimal places. Enter your answers in millions (Le. 5,550,000 should be entered as 5.55).) Price Earnings Ratio Numerator/Denominator Amounts 1 Net income Dividends on preferred stock Average shares outstanding Stock price 2-a. Calculate the price-earnings ratio in 2023 and 2024 $182 $164 $34 $25 200 200 $11.27 $10.22 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Req 2a) Req 2b Calculate the price-earnings ratio in 2023 and 2024. (Enter your price-earnings 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 Numerator/Denominator 2023 2024 Amounts Req 2b > Net income Dividends on preferred stock Average shares outstanding Stock price $182 $164 $34 $25 200 200 $11.27 $10.22 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Req 2a Req 2b In which year is the stock priced lower in relation to reported earnings? In which year is the stock priced lower in relation to reported earnings?