Samuel's Companies, operating educational tutoring centers, reported the following summarized figures: \begin{tabular}{lll} \multicolumn{4}{c}{\begin{tabular}{c} Samuel's Companies \\ Income Statement \end{tabular}} \\ Years Ended May & 31,2020 and & 2019 \\ \hline & \multicolumn{1}{c}{2020} & \multicolumn{1}{c}{2019} \\ \hline Net Sales & $57,160,000 & $41,200,000 \\ Cost of Goods Sold & 27,770,000 & 29,300,000 \\ Interest Expense & 705,000 & 623,000 \\ All Other Expenses & 6,870,000 & 8,430,000 \\ Net Income & $21,815,000 & $2,847,000 \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} Samuel's Companies \\ Balance Sheet \\ May 31, 2020 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Assets } \\ \hline Cash & 8,770,000 \\ \hline Short-term Invest. & 25,950,000 \\ \hline Accounts Receivable & 5,880,000 \\ \hline Merchandise Inventory & 1,990,000 \\ \hline Other Current Assets & 9,180,000 \\ \hline Total Current Assets & 51,770,000 \\ \hline All Other Assets & 31,820,000 \\ \hline Total Assets & 83,590,000 \\ \hline \multicolumn{2}{|l|}{ Liabilities } \\ \hline Total Current Liab. & 24,170,000 \\ \hline Long-term Liab. & 13,350,000 \\ \hline Total Liabilities & 37,520,000 \\ \hline \multicolumn{2}{|l|}{ Stockholders' Equity } \\ \hline Common Stock & 13,080,000 \\ \hline Retained Earnings & 32,990,000 \\ \hline Total Equity & 46,070,000 \\ \hline \end{tabular} Total Liab. + Equity 83,590,000 Samuel's has 1,000,000 common shares outstanding during 2020. 1. Compute earnings per share (EPS) for 2020 for Samuel's. Round to the nearest cent. (Net income - Preferred dividends) / (Weighted average number of common shares outstanding ) = Earnings per share ($$)/()=($) 2. Compute Samuel's Companies' price/earnings ratio for 2020 . The market price per share of Samuel's stock is $69.50. (Market price per share of common stock) / (Earnings per share) = Price/earnings ratio ($)/($)=(($)()