As a stockholder in Lakers & Celtics Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, liabilities of $7 million, after-tax earnings of $2 million, and 755,000 outstanding shares of common stock. Assume a share of Lakers & Celtics Companys common stock has a market value of $40,

Calculate the earnings per share of Lakers & Celtics Companys common stock

what is the firms price-earnings ratio?