Required information [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2824 $118 $38 R 200 $11.67 350 $18.62 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. Req Req 2b Calculate the price-earnings ratio in 2023 and 2024. (Enter your price-earings rate values to two decimal places. Enter your answers in millions (ie. 5,550,000 should be entered as 5.553) Price-Earnings Ratio 2023 2024 Numerator/Denominator Amounts Req 2b > Help Save & Eve