Eamings per Share and Price-Earnings Ratio A company reports the following: Net income $175,000 Preferred dividends $10,000 Shares of common stock outstanding Market price per share of common stock $23.76 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. 25,000 b. Determine the company's price-earings ratio. Round to one decimal place. ow be cine