A company reports the following:

Net income $$753,000$

Preferred dividends $$43,000$

Shares of common stock outstanding $50,000$

Market price per share of common stock $$102\mathrm{.}24$

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. Determine the company's price$-$earnings ratio. Round to one decimal place.