Michelle Townsend owns stock in National Computers. Based on information in its annual report, National Computers reported after-tax earnings of $6,572,000 and has issued 2,120,000 shares of common stock. The stock is currently selling for $43 a share.
a. Calculate the earnings per share for National Computers. (Round your final answer to 2 decimal places.)
Earnings per share $
b. Calculate the price-earnings (PE) ratio for National Computers. (Use the rounded earnings per share from part a. Round your final answer to 2 decimal places.)
Price-earnings ratio