Stilley Corporation had earnings after taxes of $552,000 in 20X2 with 230,000 shares outstanding. The stock price was $51.60. In 20X3, earnings after taxes declined to $276,000 with the same 230,000 shares outstanding. The stock price declined to $37.80. 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.) Earnings per share =

P/E ratio =

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.)

Earnings per share =

P/E ratio =

Subject - Finance