Sheridan Limited is a Niagara-on-the-Lake, Ontario-based winery producing blended, premium, and ultra-premium wines, which are sold globally. The company has a strong distribution network in Canada through independent retail locations. The following information has been extracted from the company's annual report. 2024 2023 2022 Market price per share $12.80 $7.47 $5.24 Earnings per share $0.63 $0.44 $0.33 Dividends per share $0.156 $0.150 $0.142 Net income (in thousands) $21,282 $15,744 $12.177 Shareholders' equity (in thousands) $176,775 $158,544 $146,899 (a) Calculate Sheridan's price/earnings ratio from 2022 through 2024. (Round answers to 1 decimal place, e.g. 15.2.) Price/earnings ratio 2024 2023 2022