engageNOWv2 | Online teachin X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Acer eBook Show Me How Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $560,000 Preferred dividends $32,000 Shares of common stock outstanding 40,000 Market price per share of common stock $182.16 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rou requirement, if required. Accounting numeric field b. Determine the company's price-earnings ratio. Round to one decimal place. Feedback Check My Work a. Divide net income minus preferred dividends by common shares outstanding. b. Divide the common market share price by the common earnings per share. Check My Work All work saved. D LOC -56 -#06 F11 F12 PrtSc F10 SysRa F6 F7 F8 F9 Scr LK F4 F5