The following information applies to the questions displayed below.) Financial Information for Forever 18 includes the following selected data: ($ in millions except share data) Net incone Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 243 $ 30 300 $11.77 2020 $ 252 $ 25 350 $10.72 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (l.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Dld earnings per share increase in 2021? No O Yes (The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: $ in millions except share data) Net Income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 243 $ 30 300 $11.77 202 2020 $ 252 $ 25 350 $10.72 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio 2020 2021 2-b. In which year is the stock priced lower in relation to reported earnings? 2020 2021