Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the companys earnings per share and P/E ratio?

Group of answer choices

EPS: $0.37; P/E: 18.77 times

EPS: $2.69; P/E: 10.55 times

EPS: $0.37; P/E: 10.55 times

EPS: $2.69; P/E: 18.77 times