Question
Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $1,601,500 Preferred dividends $91,000 Shares of common stock outstanding 95,000 Market price
Earnings per Share and Price-Earnings Ratio
A company reports the following:
| Net income | $1,601,500 |
| Preferred dividends | $91,000 |
| Shares of common stock outstanding | 95,000 |
| Market price per share of common stock | $154.23 |
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
with work pls
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Cornerstones Of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
9781305147102, 1285751787, 1305147103, 978-1285751788
