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S12-10. (Learning Objective 4: Calculate EPS and the price-earnings ratio) The annual report of Salem Cars, Inc., for the year ended December 31, 2021, included the following items (in millions): 1. Calculate earnings per share (EPS) and the price-earnings ratio for Salem Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $18. 2. How much does the stock market say $1 of Salem Cars' net income is worth? E12-18A. (Learning Objective 2: Perform a horizontal analysis of an income statement) Prepare a horizontal analysis of the comparative income statements of Norman Music Co. Round percentage changes to the nearest one-tenth percent (three decimal places)