Michelle Townsend owns a stock International computers based on the information in its annual report national national computers reported after tax earnings of $4 million and has issues $2 million shares of common stock the stock is currently selling for 35 a share

Problem 12-7 (LO12.3) Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after- tax earnings of $4,000,000 and has issued 2,000,000 shares of common stock. The stock is currently selling for $35 a share. a. Calculate the earnings per share for National Computers. (Round your answer to 2 decimal places.) Earnings per share share from part o. Round your b. Calculate the price-earnings (PE) ratio for National Computers (Use the rounded earnings answer to 2 decimal places.) Price-earnings ratio