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Earnings per Share and Price-Earnings Ratio A company reports the following: Net Income $695,500 Preferred dividends $39,000 Shares of common stock outstanding 65,000 Market price

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Earnings per Share and Price-Earnings Ratio A company reports the following: Net Income $695,500 Preferred dividends $39,000 Shares of common stock outstanding 65,000 Market price per share of common stock $74.74 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 b. Determine the company's price earnings ratio. Round to one decimal place

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