Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $890,000 Preferred dividends $50,000 Shares of common stock outstanding 100,000 Market price per share of common stock $57.12 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