20 Part 2 of 2 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 2824 2823 $178 $154 $25 $16 200 200 $11.07 $10.02 Seipped elook Dividends on preferred stock Average shares outstanding Stock price 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 2 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 (ice. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2023 2024 Numerator/Denominator Amounts Rec Reg2b> Help Save & Ext Submit 20 Required information [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data: Part 2 of 2 Skipped eBook (in millions) Net income Dividends on preferred stock Average shares outstanding Stock price 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2024 2023 $178 $154 $25 $16 200 200 $11.07 $10.02 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 2 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? <2