A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $193,000 $11,000 20,000 $131.95 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. $ 9.10 b. Determine the company's price-earnings ratio. Round to one decimal place. 1.53 X