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13-13 Kelley Company reports $840,000 in net income for 2017 and declares $100,000 of cash dividends on its preferred stock. At the end of 2017
13-13 Kelley Company reports $840,000 in net income for 2017 and declares $100,000 of cash dividends on its preferred stock. At the end of 2017 the company has 350,000 weighted- laverage shares of common stock. 1. What amount of net income is available to common stockholders for 2017? 2. What is the company's basic EPS for 2017.] 13-14 Compute price earnings ratio (P/E Ratio) for each company listed below: Company Earnings Per Share Market Value Per Share Price/Earnings Ratio (P/E Ratio) $11.00 $176.40 $23.00 $96.00 $4.50 $93.75 $25.00
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