Question
A company reports the following: Net income $1,264,000 Preferred dividends $72,000 Shares of common stock outstanding 80,000 Market price per share of common stock $129.63
A company reports the following:
| Net income | $1,264,000 |
| Preferred dividends | $72,000 |
| Shares of common stock outstanding | 80,000 |
| Market price per share of common stock | $129.63 |
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. $fill in the blank 1
b. Determine the company's price-earnings ratio. Round to one decimal place. fill in the blank 2
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
