S12-10 (similar to) The annual report of Ferguson Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): E (Click the icon to view the items on the annual report.) 1. 2. Calculate earnings per share (EPS) and the price-earnings ratio for Ferguson Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $10.20 How much does the stock market say $1 of Ferguson Cars' net income is worth? 1.Calculate earnings per share (EPS) and the price-earnings ratio for Ferguson Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $10.20. Select the formulas and then calculate each ratio. (Abbreviation used: P/E = Price-earnings. Round your answers to two decimal places, XXX.) Ratio Formula Amount EPS P/E ratio Data Table - Preferred stock outstanding, 1% $ 400 Current assets / Current liabilities Dividend per share of common stock Market price per share of common stock Market price per share / Earnings per share Net income / Net sales (Net income + Interest expense) / Average assets (Net income - Preferred dividends) 7 Average common equity (Net income - Preferred dividends) / Average number of common shares outstanding Total assets / Total liabilities Total liabilities/ Total assets (Total stockholders' equity - Preferred equity) / Average number of common shares outstanding Net income $ 600 Average number of shares of common stock outstanding 700 Print Done