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Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $353,000 Preferred dividends $20,000 Shares of common stock outstanding 45.000 Market price

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Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $353,000 Preferred dividends $20,000 Shares of common stock outstanding 45.000 Market price per share of common stock $22,94 requirement a for subsequent requirement, if required. a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer one decimal place. b. Determine the company's price-earnings ratio. Round

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