Stilley Corporation had earnings after taxes of $420,000 in 20X2 with 280,000 shares outstanding. The stock price was $45.60. In 20X3, earnings after taxes declined to $294,000 with the same 280,000 shares outstanding. The stock price declined to $32.00. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

b. Compute earnings per share and the P/E ratio for 20X3. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)