Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: (s in millions) Net income Dividends on preferred stock Average shares outstanding Stock price 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. 2023 Reg 2b 2024 Reg 2a Calculate the price-eamings ratio in 2023 and 2024. (Enter your price-earnings ratio values to two decimal places. Enter your answers in millions (.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio $93 $27 150 $11.17 Numerator/Denominator Amounts 2023 $228 $18 400 $10.12

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