Earnings per share and price-earnings ratio A company reports the following: 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. s. x b. Determine the company's pelcerearnings ratio. Round to one decimal place. x lenstouck rched My Work a. Divide net income minus preferred dividends by common shares outstanding. b. Divide the common market share price by the common earnings per share