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8a. What is Price Earning Ratio? How it's different from EPS. How the P/E Ratio can be used for valuation of stock? b. A company

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8a. What is Price Earning Ratio? How it's different from EPS. How the P/E Ratio can be used for valuation of stock? b. A company reported a net income of $78,000 and had 15,000 common shares outstanding throughout the current year. At year-end, the price per share of the company's stock was $49.40. Calculate the Earnings Per Share and Price-Earnings ratio of the company

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