Back Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $185,000 Preferred dividends $25,000 Shares of common stock outstanding 100,000 Market price per share of common stock $20 a. Determine the company's earnings per share on common stock. Round your answer to two decimal places. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round your answer to one decimal place