Module 7 Problem Set eBook Show Me How Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $475,500 Preferred dividends $27,000 65,000 Shares of common stock outstanding Market price per share of common stock $28.29 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. b. Determine the company's price-earnings ratio. Round to one decimal place