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Crestar Company reported net income of $100,000 on 20,000 average outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the
Crestar Company reported net income of $100,000 on 20,000 average outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $80. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) Multiple Choice
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
