13 2 of 2 8 Required information The following information applies to the questions displayed below) Financial information for Forever 18 includes the following selected data in millions) ($ in millions) 2018 2017 Net Income 152 $ 128 Preferred stock dividends $ 26 $ 21 Average shares outstanding in millions) 400 400 Stock price $ 11.57 $ 10.52 Booh Print rences 2-a. Calculate the price earnings ratio in 2017 and 2018. (Enter your answer in millions rounded to 2 decimal places (.e.5,550,000 should be entered as 5.55).) (5 in millions) Price Earnings Ratio 2017 2018 12 + 1 of 2 Required information The following information applies to the questions displayed below.) Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $ 152 $ 128 Preferred stock dividends 26 $ 21 Average shares outstanding (in millions) 400 400 Stock price 11.57 $ 10.52 -Book $ Hint Print erences Required: 1-a. Calculate earnings per share in 2017 and 2018. (Enter your answer in millions (.e. 5,500,000 should be entered as 5.5 ($ in millions) Earnings per Share 2017 2018 !! Check my 10 3 Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholdersequity during 2018, its first year of operations: January 2 Issues 100,000 shares of common stock for $18 per share. February 6 Issues 1,300 shares of 7% preferred stock for $13 per share September 10 Purchases 12,000 shares of its own common stock for $23 per share. December 15 Reissues 6.000 shares of treasury stock at $28 per share. In its first year of operations. Finishing Touches has net income of $143.000 and pays dividends at the end of the year of 594,000 ($1 per share on all common shares outstanding and $910 on all preferred shores outstanding Required: Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) ook Hie Print eferences FINISHING TOUCHES Balance Sheet Stockholders'Equity Section December 31, 2018 Stockholders' equity Total paids in Gapital Total stockholders equity $ 0