The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): Click the icon to view the items on the annual report) 1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $14.64. 2. How much does the stock market say $1 of Sweet Cars' net income is worth? 1.Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $14.64 Select the formulas and then calculate each ratio. (Abbreviation used: P/E = Price-earnings. Round your answers to two decimal places, XXX.) Ratio Formula EPS Amount P/E ratio $ 400 Preferred stock outstanding, 6% $ Net income 1,000 800 Average number of shares of common stock outstanding