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Botox Facial Care had earnings after taxes of $ 3 6 2 , 0 0 0 in 2 0 times 1 with 2 0

Botox Facial Care had earnings after taxes of $ 362,000 in 20\times 1 with 200,000 shares of stock outstanding. The stock price was $ 81.80. In 20\times 2, earnings after taxes increased to $ 450,000 with the same 200,000 shares outstanding. The stock price was $ 95.00. a. Compute earnings per share and the P / E ratio for 20 X 1.(The P / E ratio equals the stock price divided by earnings per share.)(Do not round intermediate calculations. Round your final answers to 2 decimal places.) b. Compute earnings per share and the P / E ratio for 20 X 2.(Do not round intermediate calculations. Round your final answers to 2 decimal places.) c. Why did the P/E ratio change? (Do not round intemediate calculations. Input your answers as percents rounded to 2 decimal places.)

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