At the beginning of the year, the company had 60,000 shares of common stock outstanding. At the end of the year, there were 50,000 shares outstanding. The market price of the company's stock at year end was $40 per share. The company declared and paid $75,000 of dividends near year end. Calculate EPS and the price-earnings ratio.

Glamour Galleria reported the following for its fiscal year ended September 30, 2010: (Click the icon to view the information.) At the beginning of the year, the company had 60,000 shares of common stock outstanding. At the end of the year, there were 50,000 shares outstanding. The market price of the company's stock at year end was $40 per share. The company declared and paid $75,000 of dividends near year end. Calculate earnings per share and the price-earnings ratio for Glamour Galleria. Calculate earnings per share for Glamour Galleria. Select the formula and enter the amounts to calculate the earnings per share. (Round your answer to the nearest cent.) | Net income i Average common shares = Earnings per share 270000 55000 4.91 Calculate the price-earnings ratio for Glamour Galleria. Select the formula and enter the amounts to calculate the price-earnings ratio. (Enter all amounts rounded to two decimal places.) Market price per share | Earnings per share = Price-earnings ratio 40 = Data Table Sales 650,000 225,000 Cost of sales Gross margin 425,000 80,000 Expenses 345,000 Net income