4 Lake Inc. and River Inc. reported net incomes of $205,000 and $164,000, respectively, for the most recent fiscal year. Both companies had 41000 shares of common stock issued and outstanding. The market price per share of Lake's stock was $56, while River's sold for $60 per share. Required a. Determine the P/E ratio for each company b. Based on the P/E ratios computed in Requirement a, which company do investors belleve has the greater potential for growth in points eflookincome? Complete this question by entering your answers in the tabs below Reterences Required B Required A the P/E ratio for each company. (Do not round intermediate calculations, Round your answers to the nearest whole Lake, Inc River, inc Required B> 4 Lake Inc. and River Inc. reported net incomes of $205,000 and $164,000, respectively, for the most recent fiscal year Both companies had 41000 shares of common stock issued and outstanding. The market price per share of Lake's stock was $56. while River's sold for $60 per share. Required a. Determine the P/E ratio for each company. points b. Based on the P/E ratios computed in Requirement a which company do investors believe has the greater potential for growth in eBookincome? Complete this question by entering your answers in the tabs below Required ARequiredB on the P/E ratios computed in Requirement a, which company do investors believe has the greater potential for growth income Which company do investors believe has the greater potential for growth in income? quredB Required A