Required information [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income 2023 Dividends on preferred stock Average shares outstanding Stock price Req 28 2024 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Req 2b Numerator/Denominator 2824 Amounts $172 Calculate the price-earnings ratio in 2023 and 2024. (Enter your price-eamings ratio values to two decimal places. Enter your answers in millions (l.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio Req2a $24 400 $11.82 2023 Req 2b > $185 $19 508 $10.77

Required information [The following information applies to the questions displayed below] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income 2023 Dividends on preferred stock Average shares outstanding Stock price Req 28 2024 2-a. Calculate the price-earnings ratio in 2023 and 2024. 2-b. In which year is the stock priced lower in relation to reported earnings? Complete this question by entering your answers in the tabs below. Req 2b Numerator/Denominator 2824 Amounts $172 Calculate the price-earnings ratio in 2023 and 2024. (Enter your price-eamings ratio values to two decimal places. Enter your answers in millions (l.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio Req2a $24 400 $11.82 2023 Req 2b > $185 $19 508 $10.77

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question-based on, "calculate earnings". I have tried but no answer.