$($Market$-$value ratios$)$ Garret Industries has a$$ price$/$earnings ratio of $21\mathrm{.}45$X$.$

a$.$ If$$ Garret's earnings per share is $$$$1\mathrm{.}85,$ what is the price per share of$$ Garret's stock?

b$.$ Using the price per share you found in part a$,$ determine the$$ price$/$book ratio if$$ Garret's equity book value per share is $ $9\mathrm{.}74.$

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Part $1$

a$.$ The price per share of$$ Garret's stock is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$