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Earnings per Share and Price-Earnings Ratio i am having trouble with this one A company reports the following: Net income$737,000Preferred dividends$42,000Shares of common stock outstanding50,000Market

Earnings per Share and Price-Earnings Ratio

i am having trouble with this one

A company reports the following:

Net income$737,000Preferred dividends$42,000Shares of common stock outstanding50,000Market price per share of common stock$83.4

a.Determine the company'searnings 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'sprice-earnings ratio. Round to one decimal place.

fill in the blank 2

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