Financial information for Forever 18 includes the following selected data (in millions)
| (4 In millions) | 2015 | 2014 |
| Net Income | 171 | 201 |
| Dividends on preferred stock | 21 | 16 |
| Average shares outstanding (in millions) | 228 | 300 |
| Stock price | 11.97 | 10.92 |
Required:
1-a. Calculate earnings per share in 2014 and 2015. (Enter your answer in millions.)
1b. Did earnings per share increase in 2015?
- No
- Yes
2-a. Calculate earnings ratio in 2014 and 2015. (Enter your answer in millions. Round your)
1b. in which year is the stock priced lower in relation to reported earnings?
- 2014
- 2015
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