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Earnings per Share and Price-Earnings Ratio A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share

Earnings per Share and Price-Earnings Ratio A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $763,000 $43,000 75,000 $109.44 a. Determine the company's earnings per share on common stock. Round your an requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place.

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