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Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $4,242,000 and has issued 2,020,000

Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $4,242,000 and has issued 2,020,000 shares of common stock. The stock is currently selling for $36 a share.

a.Calculate the earnings per share for National Computers.(Round your answer to 2 decimal places.)

b.Calculate the price-earnings (PE) ratio for National Computers.(Use the rounded earnings per share from part a. Round your answer to 2 decimal places.)

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