Required information Exercise 10-16A 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: (S in millions except share data) Net income Dividends on preferred stock 2021 2020 $ 264 $ 261 $. 24 $ 15 Average shares outstanding (in millions) Stock price 275 $11.02 300 $9.97 Exercise 10-16A Part 1 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) 2020 Stock price $ 2021 $ Earnings Per Share Earnings per share 0 10 12+ 0- 0 1-b. Did earnings per share increase in 2021? O No Yes