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(Market-value ratios) Garret Industries has a price/earnings ratio of 16.51X. a. If Garret's earnings per share is $1.43, what is the price per share of

(Market-value ratios) Garret Industries has a price/earnings ratio of 16.51X.

a. If Garret's earnings per share is $1.43, 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 $9.64

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