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(Market value ratios) Garret Industries has a pricelearnings ratio of 18.18x. a. If Garret's earnings per share is $1.12, what is the price per share

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(Market value ratios) Garret Industries has a pricelearnings ratio of 18.18x. a. If Garret's earnings per share is $1.12, 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 $9.14. a

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