Bianchi Company reported these figures for 2018 and 2017:

Requirements
1. Compute Bianchi Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent.
2. Compute Bianchi Company's price/earnings ratio for 2018. Assume the company's market price per share of common stock is $9. Round to two decimals.
3. Compute Bianchi Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent.

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2018 2017 Income Statement-partial: $ 18,000 $ 34,380 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: $ 285,000 $ 280,000 Total Assets Paid-In Capital: $ 108,000 Preferred Stock-11%, $9 Par Value; 60,000 shares authorized, 12,000 shares issued and outstanding $ 108,000 Common Stock-$2 Par Value; 60,000 shares authorized, 50,000 shares issued and outstanding 100,000 100,000 Paid-In Capital in Excess of Par-Common 14,000 14,000 Retained Earnings 60,500 38,000 $ 282,500 Total Stockholders' Equity $ 260,000