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A company reports the following: Net income $163,590 Preferred dividends $12,120 Shares of common stock outstanding 33,000 Market price per share of common stock $28.37
A company reports the following:
| Net income | $163,590 | |
| Preferred dividends | $12,120 | |
| Shares of common stock outstanding | 33,000 | |
| Market price per share of common stock | $28.37 |
Determine the company's price-earnings ratio. Round your answer to two decimal places.
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
8th Edition
0078025435, 9780078025433
