Evaluate the common stock of Webster State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or decreased in attractiveness during the past year. View the financial information Enter the formula on the first line, then calculate the price/earnings ratio (P/E) for both years. (Round all intermediate calculations to three decimal places and the P/E ratios to one decimal place.) Current year Last year P/E ratio times times ea Financial Information Current year Last year Net income.. $ 60,000 $ 52,000 Dividends-common $ 19,800 $ 19,800 Dividends-preferred.. $ 12,000 $ 12,000 Total stockholders' equity at year end (includes 80,000 shares of common stock) .. $ 780,000 $ 600,000 Preferred stock, 6%... $ 200,000 $ 200,000 Market price per share. of common. $ 16.50 $ 12.50