Required Information [The following information applies to the questions displayed below.] Selected Financial Data for Variety World follows: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) stock price 2021 $ 264 $ 24 275 $11.02 2020 $ 261 $ 15 3ee $9.97 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millons (l.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share Increase in 2021? O NO O Yes Required Information [The following information applies to the questions displayed below.) Selected Financial Data for Variety World follows: (s in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) stock price 2021 $ 264 $ 24 275 $11.02 2020 $ 261 $ 15 3ee $9.97 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 (l.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021 = 11 2-b. In which year is the stock priced lower in relation to reported earnings? O 2020 0 2021