(Market-value ratios) Garret Industries has a pricelearnings ratio of 21.18X. a. If Garret's earnings per share is $1.18, 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 $9.68. 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.)