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Required information [The following information applies to the questions displayed below.) Financial information for Forever 18 includes the following selected data (in millions): 2018 $
Required information [The following information applies to the questions displayed below.) Financial information for Forever 18 includes the following selected data (in millions): 2018 $ 160 $ 22 2017 $ 171 $ 17 ($ in millions) Net income Dividends on preferred stock Average shares outstanding in millions) Stock price 250 $ 11.92 300 $ 10.87 2-a. Calculate the price-earnings ratio in 2017 and 2018. (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).) (5 in millions) Price Earnings Ratio 2017 2018
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