Using the information from S12-8, a market price of $34 per share, and 50,000 and 60,000 shares
Question:
Using the information from S12-8, a market price of $34 per share, and 50,000 and 60,000 shares of common stock outstanding in 2017 and 2018, respectively, compute the following for 2018. Round answers to two decimal places.
1. Earnings per share
2. Price-earnings ratio
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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