Refer to the Haidary Inc. account balances for last year as shown in Exercise 16-39. Also, assume

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Refer to the Haidary Inc. account balances for last year as shown in Exercise 16-39. Also, assume that the market price per share for Haidary Inc. is $51.50.

Required:

1. Compute the dollar amount of preferred dividends.

2. Compute the number of common shares.

3. Compute earnings per share. (Round to two decimals.)

4. Compute the price-earnings ratio. (Round to the nearest whole number.)

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

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Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:22 AM

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Refer to the Haidary Inc. account balances for last year as shown in Exercise 16-39. Also, assume

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Cornerstones of Managerial Accounting

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