As u know.today’s stock price is 39,the dividend is 1.2,payout ratio is 60,trailing 12M dividends per share is 1.4,next year the dividend is 1.55,payout ratio is 60.2 calculate the trailing P/E ratio and Forward P/E ratio before you calculation briefly explain the difference between the two kinds of P/E ratio and u know the average industry average P/E ratio is 25, please compare this P/E ratio ,what conclusion u can get?