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How would you do this A company reported the following: Net income $189,800 Preferred dividends $14,060 Shares of common stock outstanding 58,000 Market price per
How would you do this
A company reported the following:
| Net income | $189,800 |
| Preferred dividends | $14,060 |
| Shares of common stock outstanding | 58,000 |
| Market price per share of common stock | $47.42 |
Calculate the company's price-earnings ratio. Round your answer to two decimal places.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
