Nathan's Athletic Apparel has 1.900 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. All remaining shares are common stock. The company was not able to pay dividends in 2017. but plans to pay dividends of $20.000 in 2018. Required: 1. & 2. Assuming the preferred stock is cumulative and noncumulative, how much of the $20,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018? Cumulative Non Cumulative Preferred dividends for 2018 Preferred dividends in arrears for 2017 Remaining dividends to common stockholders Total dividends Required Information (The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) Net income Dividends on preferred stock Average shares outstanding in millions) Stock price 2018 $ 141 $ 27 2017 $ 105 $ 22 $ 300 11.62 250 $ 10.57 -a. Calculate the price-earnings ratio in 2017 and 2018. (Enter your Price-earning ratlo values to two decimal places. Enter your mswers In millions (I.e. 5,550,000 should be entered as 5.55).) 1$ in millions) Price-Earnings Ratio 2018 -b. In which year is the stock priced lower in relation to reported earnings? 2018 2017