Mesla Incorporated is a producer of electric vehicles and Gord Incorporated is a producer of gas vehicles. Each company reported net Incomes of $1,072,000 and $2,894,400, respectively, for the most recent fiscal year. Both companies had 536,000 shares of common stock issued and outstanding. The market price per share of Mesla's stock was $400, while Gord's sold for $135 per share. Required: a. Determine the P/E ratio for each company. b. Based on the P/E ratios computed in Requirement a, which company do Investors belleve has the greater potential for growth in Income? Complete this question by entering your answers in the tabs below. Required A Required B Determine the P/E ratio for each company. Note: Round EPS to the nearest cent and final answer to the nearest whole number. Mesla Incorporated Gord Incorporated Price/Earnings Ratio Required 8 > Mesia Incorporated is a producer of electric vehicles and Gord Incorporated is a producer of gas vehicles. Each company reported net Incomes of $1,072,000 and $2,894,400, respectively, for the most recent fiscal year. Both companies had 536,000 shares of common stock issued and outstanding. The market price per share of Mesla's stock was $400, while Gord's sold for $135 per share. Required: a. Determine the P/E ratio for each company b. Based on the P/E ratios computed in Requirement a, which company do Investors believe has the greater potential for growth in Income? Complete this question by entering your answers in the tabs below. Required A Required B Based on the P/E ratios computed in Requirement a, which company do investors believe has the greater potential for growth in income? Which company do investors believe has the greater potential for growth in income?