Question
Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $121,000 Preferred dividends $7,000 Shares of common stock outstanding 20,000 Market price
Earnings per Share and Price-Earnings Ratio
A company reports the following:
| Net income | $121,000 |
| Preferred dividends | $7,000 |
| Shares of common stock outstanding | 20,000 |
| Market price per share of common stock | $47.88 |
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. $fill in the blank 1
b. Determine the company's price-earnings ratio. Round to one decimal place. fill in the blank 2
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Mastering The Five Tiers Of Audit Competency Internal Audit And IT Audit
Authors: Ann Butera
1st Edition
1498738494, 978-1498738491
