Modem Homes reported the following for its fiscal year ended April 30, 2010: (Click the icon to view the information.) At the beginning of the year, the company had 40.000 shares of common stock outstanding. At the end of the year, there were 50.000 shares outstanding. The market price of the company's stock at year end was $15 per share. The company declared and paid $50,000 of dividends near year end. Calculate earnings per share and the price-earrings ratio for Modern Homes. Calculate earnings per share for Modern Homes. Select the formula and enter the amounts to calculate the earrings per share. (Round your answer to the nearest cent.) = Earnings per share Text Calculate the price-camnings ratio for Modern Homes. Select the formula and enter the amounts to calculate the price-eamings ratio. (Enter all amounts rounded to two decimal places.) i Data Table = Price-eamings ratio Sales 525,000 225,000 Cost of sales Gross margin Expenses 300,000 90,000 210,000 Net Income Print Done