Beck Incorporation reported a net income of $450,000 for the year. It declared and paid dividends of $50,000 to its common stockholders. During the year, Beck had an average of 100,000 common shares outstanding. Compute Beck's earnings per share for the year $4.50 per share O$4.00 per share $3.75 per share O$3.25 per share Knowledge Check 02 Charles Company reported a net income of $1,000.000 for the year. During the year, the company had an average of 350.000 common shares outstanding. Assume that the company's common stock is selling at $34 per share at the end of the year. What will be Charles' price-earnings ratio? (Round your first calculation to two decimal points before proceeding) -14.00 times O16.43 times 11.89 times 10.35 times