after taxes of $292.000 in 20x1 with 200,000 shares of stock outstanding. The stock price was $45.80. In same 200,000 shares outstanding. The stock price was $74.00 20x2. earmnings after taxes increased to $320,000 with the a. Compute earnings per share and the P/E ratio for 20x1 to 2 decimal places) Is the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your Earnings per share s P/E ratio 1.46 31.37 times b. Compute earnings per share and the P/E ratio for 20x2 (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio 1.60 46.25 times c. Why did the P/E ratio change? (Do not round intemediate calculations, Input your answers as percents rounded to 2 decimal places.) The stock price increased by 47 43 percent while EPS increased by959 percent