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eBook Show Me How Question Content Area Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $453,500 Preferred dividends $26,000 Shares
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Show Me How
Question Content Area
Earnings per Share and Price-Earnings Ratio
A company reports the following:
| Net income | $453,500 |
| Preferred dividends | $26,000 |
| Shares of common stock outstanding | 75,000 |
| Market price per share of common stock | $21.09 |
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
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I Love My Awesome Auditor
Authors: Lovely Hearts Publishing
1st Edition
1794298169, 978-1794298163
