(Market value ratios) Garret Industries has a price/earnings ratio of 13.71X. a. If Garret's earnings per share is $1.67, 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 $8.91 a. The price per share of Garret's stock is $ 22.89. (Round to the nearest cent.) b. Garret's price/book ratio is 2.569 X. (Round to two decimal places.)