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 2021 $ 2020 259 $ 134 Dividends on preferred stock $ 26 $ 17 Average shares outstanding (in millions) Stock price 350 $11.12 200 $10.07 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. En answers in millions (i.e. 5,550,000 should be entered as 5.55).) Answer is complete but not entirely correct. Price-Earnings Ratio Stock price 2020 10.07 $ 2021 $ 11.12 + $ Earnings per share 16.78 0.60 0.70 - 15.89