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A company reports the following: Net income $562,000 Preferred dividends $50,000 Shares of common stock outstanding 80,000 Market price per share of common stock $32
A company reports the following:
| Net income | $562,000 |
| Preferred dividends | $50,000 |
| Shares of common stock outstanding | 80,000 |
| Market price per share of common stock | $32 |
a. Determine the company's earnings per share on common stock. Round your answer to two decimal places. $
b. Determine the company's price-earnings ratio.
$
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
