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IX. Calculate (1) Earnings per share and (2) the price-earnings ratio given the following data: Net Income = Preferred Dividends = Average number of common

IX. Calculate (1) Earnings per share and (2) the price-earnings ratio given the following data: Net Income = Preferred Dividends = Average number of common shares outstanding = Market value of common stock = $49,000 $1,000 16,000 $35 per share

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