Financial information for Forever 18 includes the following selected data (in millions)
($ In millions)
Dividends on preferred stock
Average shares outstanding (In millions)
1-a. Calculate earnings per share in 2014 and 2015. (Enter you answers in millions.)
1-b. Did earnings per share increase in 2015?
2-a. Calculate the price-earnings ratio in 2015 and 2015. (Enter your answer in millions. Round your answers to 2 decimal places.)
2-b. In which year is the stock period lower in relations to reported earnings?
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