A share of stock sells for $25. The company has $69 million in earnings and 205 million outstanding shares. The P/E ratio for the company is closest to: (Do not round intermediate calculations.)

a. 205.0 b. 0.3 c. 6.7 d. 73.5

Company X has net sales revenue of $820,000, cost of goods sold of $345,200 and all other expenses of $329,600 for the current year. At the beginning of the year, 503,000 shares of common stock were outstanding, and, at the end of the year, 537,000 shares of common stock were outstanding. The basic EPS for the company is:

a. $1.58 b. $0.95 c. $0.28 d. $0.92