12 Required information Exercise 10-16A Calculate and analyze ratios (L010-8) The following information applies to the questions displayed below) Financial information for Forever 18 includes the following selected data: (5 in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 156 $ 23 300 $11.87 2020 188 $ 18 $10.82 Exercise 10-16A Part 1 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 021 Exercise 10-16A Part 2 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 (ie. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio