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 $ 207 $ 32 300 $11.37 2020 $ 124 $ 23 200 $10.32 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 2021