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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 $4,000,000 and has issued 2,000,000

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 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.) Price-earnings ratio

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