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Phelps Labs has assets of $386,000, current liabilities of $119,000, and long-term liabilities of $128,000. There is $36,800 in preferred stock outstanding; 20,000 shares of

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Phelps Labs has assets of $386,000, current liabilities of $119,000, and long-term liabilities of $128,000. There is $36,800 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Round the final answer to 2 decimal places.) Book value per share $ b. If there is $26,200 in earnings available to common shareholders and Phelp's stock has a P/E ratio of 21 times EPS, what is the current price of the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current price $ c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Ratio

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