and what is the dividend yield for both years, and the dividend payout percent.

Data for Newton State Bank follow: (Click the icon to view the data.) Evaluate the common stock of Newton State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or decreased in attractiveness during the past year. Round to two decimal places. Begin by selecting the formula to calculate the pricelearnings ratio. Pricelearnings ratio = Market price per share of common stock - Earnings per share Now, calculate the pricelearnings ratio for 2024 and 2023. (Round interim calculations to the nearest cent, $X.XX and your answers to two decimal places, X.XX.) Pricelearnings ratio 2024 2023 Data lable 2024 2023 Net Income $ 55,500 $ 44,250 24,000 24,000 16,500 16,500 DividendsCommon Dividends-Preferred Total Stockholders' Equity at Year-End (includes 75,000 shares of common stock) Preferred Stock 760,000 610,000 220,000 220,000 Market Price per Share of Common Stock $ 17.50 $ 12.00 Print Done