A company had 80,000 weighted-average number of shares of ($ 320) par value common stock outstanding. The

Question:

A company had 80,000 weighted-average number of shares of $\$ 320$ par value common stock outstanding. The amount of earnings available to common stockholders was $\$ 800,000$. Current market price per share is $\$ 720$. Compute the EPS and the price-earnings ratio.

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