Required information [The following information applies to the questions displayed below.) Financial Information for Forever 18 includes the following selected data (5 in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 114 $ 31 200 $11.42 2020 $ 156 $ 22 300 $10.37 Required: 1-0. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? Yes O No Stock price 11.42 $10.37 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal p answers in millions (i.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021 2.b. In which year is the stock priced lower in relation to reported earnings