Botox facial care had earnings after taxes of $340,000 in 20x1 with 200,000 shares of stock outstanding. the stock price was $74.80. in 20x2, earnings after taxes increased to $378,000 with the same 200,000 shares outstanding. the stock price was $83.00.

a. compute earnings per share and the p/e ratio for 20x1. (the p/e ratio equals the stock price divided by earnings per share.) (do not round intermediate calculations. round your final answers to 2 decimal places.)

b. compute earnings per share and the p/e ratio for 20x2. (do not round intermediate calculations. round your final answers to 2 decimal places.)

c. why did the p/e ratio change? (do not round intemediate calculations. input your answers as percents rounded to 2 decimal places.)