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11. A company reports the following: Net income Preferred dividends Shares of common stock outstanding $591,000 92,000 34,000 Market price per share of common
11. A company reports the following: Net income Preferred dividends Shares of common stock outstanding $591,000 92,000 34,000 Market price per share of common stock $4.90 a. Determine the company's earnings per share on common stock. b. Determine the company's price-earnings ratio. Round to one decimal place.
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
