Stilley Corporation had earnings after taxes of $456,000 in 20X2 with 300,000 shares outstanding. The stock price was $46.60. In 20X3, earnings after taxes declined to $288,000 with the same 300,000 shares outstanding. The stock price declined to $32.80. 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.)