Question: Financial information for Forever 18 includes the following selected data (in millions):
![26_2012.png](https://secure.tutorsglobe.com/CMSImages/26_2012.png)
Required: 1. Calculate earnings per share in 2011 and 2012. Did earnings per share increase in 2012?
2. Calculate the price-earnings ratio in 2011 and 2012. In which year is the stock priced lower in relation to reported earnings?