question 6 part a)

part b)

2-0. Calculate the price-earnings ratio in 2023 and 2024 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Calculate the price-earnings ratio in 2023 and 2024. (Enter vour price-earnings ratio values to two decimal places. Enter your answers in millions (i.e, 5,550,000 should be entered as 5.55 ). Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of De deducted should be Indicated by a minus sign.) Required Information Exercise 10-19 (Algo) Calculate and analyze ratios (LO10-8) [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data: 2-a. Calculate the price-earnings ratio in 2023 and 2024 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. In which year is the stock priced lower in relation to reported earnings? In which year is the stock priced iower in relation to teported eamings? Power Drive Corporation designs and produces a ine of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2024 . Power Drive has the following transactions affecting stockhoiders equity in 2024 March 1 Issues 54,009 additional shares of $1 par value conmon stock for $51 per share. May 10 June 1 Purchases 4,900 shares of treasury stock for \$54 per share. Declares a cash dividend of $1.45 per share to all stockholders of record on June 15. (Minti Dividends are nat pald an treasury stock, ) July 1 Pays the cash dividend declared on June 1. october 21 Aese11s 2,450 shares of treasury stoek purchased on May 10 for $59 per share. Power Drive Corporation has the following beginning balances in its stockholders equity accounts on January 1, 2024, Cominen Stock, $100,000; Additional Pald-in Capital, $4,400,000, and Retained Earnings, $1,900,000 Net income for the year ended December 31 . 2024,1 i $590,000 Required: Prepare the stockholders equity section of the balance sheet for Power Dive Corporation as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)