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Need to help understand answers for 2-a and 2-b. Please let me know the correct answer so I can check my work. Financial information for
Need to help understand answers for 2-a and 2-b. Please let me know the correct answer so I can check my work.
Financial information for Forcver 13 incluces the following selected date n millions: in millirns Net Income Dividends on preferred stock Average shares autstanrlingn millions) Stock price 017 S 152 $128 S 26$21 40 $ 11.57 10.52 Required Information 15.00 points 2-a. Calculate the price-eamings ratio in 2017 and 2018. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) ( in millions Price-Earnings Ratio ock price Earnings per share 2017 =| 38.96 0.52 0.27 11.57 s 0.32 36,16 2-b. In which year is the stock priced lower in relation to reported earnings? 2018 2017Step by Step Solution
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