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A company reports the following: Net income $163,510 Preferred dividends $12,110 Shares of common stock outstanding 20,000 Market price per share of common stock $169.95
A company reports the following:
| Net income | $163,510 |
| Preferred dividends | $12,110 |
| Shares of common stock outstanding | 20,000 |
| Market price per share of common stock | $169.95 |
Determine the company's price-earnings ratio. Round your answer to two decimal places.
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
