Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $201,000 Preferred dividends $11,000 Shares of common stock outstanding 20,000 Market price per share of common stock $109.25 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