Required information [The following information applies to the questions displayed below.) Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $ 170 $ 154 Dividends on preferred stock $ 25 $ 16 Average shares outstanding in millions) 200 200 Stock price $ 11.07 $ 10.02 2-a. Calculate the price-earnings ratio in 2017 and 2018. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) Stock price (s in millions) Price-Earnings Ratio Earnings per share 10.02 11.07 2017 0 2018 $ 0