KQuestions 9-10 (of 10) > Exercise 10-16 Calculate and analyze ratios (LO10-8) [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data (in millions) (S in millions) 2018 2017 $ 160 $171 S 22 $ 17 Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 250 300 $ 11.92S 10.87 References Exercise 10-16 Caiculate and analyze ratios (L010-8) Section Break 1.00 points Exercise 10-16 Part 1 Required: 1-a. Calculate earnings per share in 2017 and 2018. (Enter your answer in millions (0.e. 5,500,000 should be entered as 5.5)) (S in millions) Earnings per Share 2017 2018 1-b. Did eamings per share increase in 20187 Required informat Exercise 10-16 Part 2 24. Caiolate the price-earrings ratoin 2017 and 2018 (Enter your Price4aming ratio values to two decimal places. Enter your answerin m-(L5,550,000 should be entered as 555 2017 2018 2-b. In which year is the stock priced lower in relation to reported eamings