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14. The following information relates to Cordova, Inc.: Net income for 2018 Weighted average common shares outstanding for 2018 Weighted average preferred shares outstanding for
14. The following information relates to Cordova, Inc.: 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 $1,704,000 160,000 50.000 $400,000 $283,000 $160.00 $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
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