Problem 14-9 Calculating Earnings per Share, Price-Earnings Ratio, and Book Value [LO143] As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $11 million, liabilities of $6 million, after-tax earnings of $2 million, and 825,000 outstanding shares of common stock. (a) Calculate the earnings per share of Bozo Oil's common stock. (Round your answer to 2 decimal places.) (b) Assume a share of Bozo Oil's common stock has a market value of $40, what is the firm's price-earnings ratio? (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. (Round your answer to 2 decimal places.)