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A company reports the following: Net income $687,000 Preferred dividends $39,000 Shares of common stock outstanding 80,000 Market price per share of common stock $37.26
A company reports the following:
Net income | $687,000 |
Preferred dividends | $39,000 |
Shares of common stock outstanding | 80,000 |
Market price per share of common stock | $37.26 |
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. $
b. Determine the company's price-earnings ratio. Round to one decimal place.
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