13. The following information relates to Cordova, Inc.: $1,704,000 160,000 50,000 $400,000 $283,000 S160.00 Net income for 2018 Weighted average common shares outstanding for 2018 Weighted average preferred shares outstanding for 2018 Cash dividends on preferred stock for 2018 Cash dividends on common stock for 2018 Per share market price of preferred stock at December 31, 2018 Per share market price of common stock at December 31 2018 $146.70 Chapter 14 - HOMEWORK Compute Cordova's 2018 earnings per share. A) $7.05 B) S7.95 C) $8.00 D) $8.15 E) $8.59 14. The following information relates to Cordova, Inc (hint: use the earnings per share above to solve this). $1,704,000 160,000 50,000 $400,000 $283,000 Net income for 2018 Weighted average common shares outstanding for 2018 Weighted average preferred shares outstanding for 2018 Cash dividends on preferred stock for 2018 Cash dividends on common stock for 2018 Per share market price of preferred stock at December 31, $160.00 Per share market price of common stock at December 31, 2018 $146.70 Compute Cordova's price-earnings ratio at December 31, 2018 A) 14.0 B) 15.0 C) 16.0 D) 17.0 E) 18.0