A company reports the following: Net income $403,000 Preferred dividends $23,000 Shares of common stock outstanding 50,000
Fantastic news! We've Found the answer you've been seeking!
Question:
A company reports the following:
Net income | $403,000 |
Preferred dividends | $23,000 |
Shares of common stock outstanding | 50,000 |
Market price per share of common stock | $109.44 |
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
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: