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A company reports the following: Net income $207,750 Preferred dividends $15,390 Shares of common stock outstanding 28,000 Market price per share of common stock $145.44
A company reports the following:
| Net income | $207,750 | |
| Preferred dividends | $15,390 | |
| Shares of common stock outstanding | 28,000 | |
| Market price per share of common stock | $145.44 |
Determine the company's price-earnings ratio. Round your answer to two decimal places.
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Auditing The Art And Science Of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
15th Canadian Edition
0136692087, 9780136692089
