Botox Facial Care had earnings after taxes of $336,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $95.60. In 20X2, earnings after taxes increased to $408,000 with the same 200,000 shares outstanding. The stock price was $104.00. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.)