A company reported the following: Net income 270,000 Preferred Dividends 10,000 Shares of common stock outstanding 20,000
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Question:
A company reported the following:
Net income 270,000
Preferred Dividends 10,000
Shares of common stock outstanding 20,000
Market price per share of common stock 36.40
Calculate the company's price-earnings ratio. Round your answer to one decimal place.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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