B is the question I need not A

Oriole Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Oriole Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $393,000 1,077,000 735,000 381,400 $417,400 776,450 681,050 247,050 Accounts receivable, net Inventory Other current assets Total current assets Property, plant, & equipment, net Total assets 2,586,400 8,639,160 $11,225,560 2,121,950 8,440,060 $10,562,010 $2,846,050 3,892,700 Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earnings $3,165,000 3,702,600 6,867,600 58,950 104,650 6,738,750 58,950 103,850 3.660.460 4194 360 4,194,360 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,357,960 $11,225,560 3,660,460 3,823,260 $10,562.010 Oriole Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,613,950 Cost of goods sold 5,612,800 5,298,800 Gross profit 4,564,500 4,315,150 Operating expenses 2,840,200 2,634,150 Net operating income 1,724,300 1,681,000 Interest expense 300,300 308,700 Net income before taxes 1,424,000 1,372,300 Income taxes (30%) 427,200 411,690 Net income $996,800 $960,610 Dividends paid Preferred dividends 29,550 29,550 Common dividends 433,350 413,000 Total dividends paid 462,900 442,550 Net income retained 533,900 518,060 Retained earnings, beginning of year 3,660,460 3,142,400 462,900 442,550 Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year 533,900 3,660,460 $4,194,360 518,060 3,142,400 $3,660,460 (a) Calculate the earnings per share (average of 410,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $ per share e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1 decimal place, e.g. 2.5.) Price/earnings ratio e Textbook and Media Save for Later Attempts: 0 of 3 used Submit