Lake Inc. and the River, Inc. reported net incomes of $275,000 and $225,000, respectively, for the most recent fiscal year. Both companies had 50,000 shares of common stock issued and outstanding. The market price per share of Lake's stock was $51, while River's sold for $55 per share. Required a. Determine the P/E ratio for each company, b. Based on the P/E ratlos computed in Requirement a, which company do investors believe has the greater potential for growth in income