Lake Incorporated and the River, Incorporated reported net incomes of $800,000 and $1.000.000, respectively, for the most recent fiscal year. Both companies had 200.000 shares of common stock issued and outstanding. The market price per share of Lake's stock was $50, while River's sold for $85 per share Required a. Determine the Pre ratio for each company b. Based on the PE ratios computed in requirement a, which company do investors believe has the greater potential for growth in income? Complete this question by entering your answers in the tabs below. Required A Required B Determine the P/E ratio for each company. (Round your p/E ratio to nearest whole number.) Company P/E Ratio Lake, ine River, inc Complete this question by entering your answers in the tabs below. Required A Required Based on the Deration computed in Requirement a, which company do investors believe has the greater potential for growth In Income? Which company do investors believe has the greater potential for growth in income?