Refer to the information for Rebert Inc. below. Also, assume that the market price per share for

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Refer to the information for Rebert Inc. below. Also, assume that the market price per share for Rebert is $51.50.
Information for Rebert Inc.
Rebert Inc. showed the following balances for last year:
Refer to the information for Rebert Inc. below. Also, assume

*For common stock only.
Rebert's net income for last year was $3,182,000.
Required:
1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share. (Note: Round to two decimals.)
4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)

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Cornerstones Of Managerial Accounting

ISBN: 9780538473460

4th Edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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