Preferred Stock6%, $30 par value; 2,000 shares authorized, 1,000 shares

issued and outstanding $30,000

Common Stock$2 par value; 95,000 shares authorized, 52,000 shares

issued, 50,100 shares outstanding 104,000

Paid-In Capital in Excess of ParCommon 450,000

Treasury StockCommon; 1,900 shares at cost (38,000)

DATA TABLE ABOVE

Altar Corp. earned net income of $ 252,300 and paid the minimum dividend to preferred stockholders for 2018. Assume that there are no changes in common shares outstanding during 2018. Altar?'s books include the following? figures:

Requirement 1. Compute Altar?'s EPS for the year.

Select the? formula, then enter the amounts to calculate the? company's earnings per share for 2018. ?(Abbreviations used: Ave.? = average, OS? = outstanding, SE? = stockholders'? equity, shrs? = shares. Enter the earnings per share to the nearest? cent.)

(__________ -__________ ) /_________________ = Earnings per share

(__________ -__________ ) /_________________ = _______________

Requirement 2. Assume Altar?'s market price of a share of common stock is $ 11 per share. Compute Altar?'s ?price/earnings ratio. Select the? formula, then enter the amounts to calculate the? company's price/earnings ratio for 2018. ?(Abbreviations used: Ave.? = average, OS? = outstanding, SE? = stockholders'? equity, shrs? = shares. Enter the ratio to two decimal? places.)

___________/______________ = Price/earnings ratio

___________/______________ =_________________