Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 210 $ 25 240 $11.52 2020 $ 180 $ 20 220 $10.47 2a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021 2-b. In which year is the stock priced lower in relation to reported earnings? 2020 O 2021