(Market-value

ratios)

Garret Industries has a price/earnings ratio of

15.92x

a. If Garret's earnings per share is

$1.22

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

$ 9.46

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

$nothing .

(Round to the nearest cent.)b. Garret's price/book ratio is

nothing X.

(Round to two decimal places.)