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how do you get market price per share? Templet Corp. earned net income of $72,600 and paid the minimum dividend to preferred stockholders for 2024.

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how do you get market price per share?

Templet Corp. earned net income of $72,600 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Templet's books include the following figures: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Templet's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.) Net income Preferred dividends Ave. # common shrs OS Earnings per share = $ 1.50 ( $ 72,600 $ 600 ) 48,000 Requirement 2. Assume Templet's market price of a share of common stock is $6 per share. Compute Templet's pricelearnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the ratio to two decimal places.) Market price per share Earnings per Pricelearnings ratio 4.00 $ 6 $ 1.50 Data Table $ 30,000 Preferred Stock2%, $30 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$10 par value; 75,000 shares authorized, 49,000 shares issued, 48,000 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,000 shares at cost 490,000 480,000 (20,000) Print Done Templet Corp. earned net income of $72,600 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Templet's books include the following figures: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Templet's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.) Net income Preferred dividends Ave. # common shrs OS Earnings per share = $ 1.50 ( $ 72,600 $ 600 ) 48,000 Requirement 2. Assume Templet's market price of a share of common stock is $6 per share. Compute Templet's pricelearnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the ratio to two decimal places.) Market price per share Earnings per Pricelearnings ratio 4.00 $ 6 $ 1.50 Data Table $ 30,000 Preferred Stock2%, $30 par value; 2,000 shares authorized, 1,000 shares issued and outstanding Common Stock-$10 par value; 75,000 shares authorized, 49,000 shares issued, 48,000 shares outstanding Paid-In Capital in Excess of Par-Common Treasury Stock-Common; 1,000 shares at cost 490,000 480,000 (20,000) Print Done

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