Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $748,500 Preferred dividends $42,000 Shares of common stock outstanding 45,000 Market price per share of common stock $73.79 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. X