Accel's has 10,000

common shares outstanding during

2018

Read the requirements

Requirement 1. Compute earnings per share (EPS) for

2018

Round to the nearest cent.Begin by selecting the formula to calculate

Companies' EPS. Then enter the amounts and calculate the EPS for

2018

(Abbreviation used: Weighted avg number of CSO = weighted average number of common shares outstanding, market price per share of CS = market price per share of common stock. Complete all input boxes. Enter a "0" for balance with a zero value. Round your answer to the nearest cent, $X.XX.)

(

Net income

-

Preferred dividends

) /

Weighted avg number of CSO

=

EPS

(

$7,300

-

$0

) /

$10,000

=

$0.73

Requirement 2. Compute

AccelAccel's

Companies' price/earnings ratio for

2018

The market price per share of

AccelAccel's

stock is

Begin by selecting the formula to calculate

Accel

Companies' price/earnings ratio. Then enter the amounts and calculate the EPS for

2018

(Abbreviation used: Weighted avg number of CSO = weighted average number of common shares outstanding, market price per share of CS = market price per share of common stock. Round your answer to two decimal places, X.XX.)

Market price per share of CS

/

Earnings per share

=

Price/earnings ratio