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Here is some financial information about stocks A, B, and C: Share price per share Total outstanding shares Total earnings Stock A Stock B Stock

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Here is some financial information about stocks A, B, and C: Share price per share Total outstanding shares Total earnings Stock A Stock B Stock C $ 51.00 $ 45.00 $ 36.00 540,800 1,263,328 1,426,118 $5,304,000 $8,007,010 $6,040,030 a. Calculate the price earnings (PE) ratio for stocks A, B, and C. Please show your calculations. b. Interpret your results in (a) considering that the average PE ratio in the industry is 7.2

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