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6 Need this done asap. Please help. Thanks. Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $230,000 Preferred dividends $13,000
6
Need this done asap. Please help. Thanks.
Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $230,000 Preferred dividends $13,000 Shares of common stock outstanding 35,000 Market price per share of common stock $68.82 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 placeStep by Step Solution
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