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 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
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
