(Market value ratios) Garret Industries has a pricelearnings ratio of 16.66X. a. If Garret's earnings per share is $1.54, 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 $9.61. a. The price per share of Garret's stock is $ (Round to the nearest cent.) b. Garret's price/book ratio is x. (Round to two decimal places.)