Data for Owen State Bank follow:

$($Click the icon to view the data.$)$

Begin by selecting the formula to calculate the price$/$earnings ratio.

Price$/$earnings ratio $=$ Market price per share of common stock $+$ Earnings per share

Now, calculate the price$/$earnings ratio for $2024$ and $2023.($Round interim calculations to the nearest cent, $$x.xx$ and your answers to two decimal places, X$.$XX$.)$