(S in millions) 2024 $182 $29 2023 $279 $24 Net income Dividends on preferred stock Average shares outstanding Stock price 260 450 $11.72 $10.67 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 2a Req 2b Calculate the price-earnings ratio in 2023 and 2024. (Enter your price-earnings ratio values to two decimal places. Enter your answers in millions (i.e. 5,550,000 should be entered as 5.55).) Price-Earnings Ratio Numerator/Denominator Amounts 2023 2024

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