Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 172 $ 24 400 $11.82 2020 $ 185 $ 19 500 $10.77 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 II 2021 2-b. In which year is the stock priced lower in relation to reported earnings? O 2021 O 2020