Problem 14-9 Calculating Earnings per Share, Price-Earnings Ratio, and Book Value [LO14-3] As a stockholder of Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, llabilities of $6 million, after-tax earnings of $2.40 million, and 1.65 million outstanding shares of common stock. a. Calculate the earnings per share of Bozo Oil's common stock. Note: Round your answer to 2 decimal places. b. Assuming a share of Bozo Oil's common stock has a market value of $40, what is the firm's price-earnings ratio? Note: Round your intermediate calculation to 2 decimal places and final answer to the nearest whole number. c. Calculate the book value of a share of Bozo Oil's common stock. Note: Round your answer to 2 decimal places