2. Company B has its common stock selling for $39 a share, there is $77 million of net income, $2 million of preferred stock dividends and 25 million shares outstanding. Calculate the Earnings Per Share and Price Earnings ratio. Verify that the Earnings Per Share (EPS) and Price Earnings Ratio (P/E Ratio) is correct. 2. Company B has its common stock selling for $39 a share, there is $77 million of net income, $2 million of preferred stock dividends and 25 million shares outstanding. Calculate the Earnings Per Share and Price Earnings ratio. Verify that the Earnings Per Share (EPS) and Price Earnings Ratio (P/E Ratio) is correct