Earnings per Share and Price-Earnings Ratio A company reports the following: Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock $185,000 $25,000 100,000 $20 a. Determine the company's earnings per share on common stock. Round your answer to two decimal places. Use the rounded answer of requirement requirement, if required. $ b. Determine the company's price-earnings ratio. Round your answer to one decimal place.

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 two decimal places. Use the rounded answer of requiremen requirement, if required. $ b. Determine the company's price-earnings ratio. Round your answer to one decimal place