4.9

complete both parts of the following question:

Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $530,500 Preferred dividends $30,000 Shares of common stock outstanding 35,000 Market price per share of common stock $130.13 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place. Long-Term Solvency Analysis The following information was taken from Combine Company's balance sheet: Fixed assets (net) $1,446,700 Long-term liabilities 391,000 Total liabilities 684,250 Total stockholders' equity 1,368,500 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity