Print Your Name: II. MumMum Corp earned a net income of $13,500,000. It paid $250,000 in dividends to preferred shareholders and $500,000 in dividends to common shareholders. The weighted-average number of 5,550,000. commons shares outstanding. Earnings per share = $2.39. What is the Price-Earnings ratio for MumMum Corp?

(I have the answer, but I don't understand where 29.88 came from)

Print Your Name: II. MumMum Corp earned a net income of $13,500,000. It paid $250,000 in dividends to preferred shareholders and $500,000 in dividends to common shareholders. The weighted-average number commons shares outstanding was 5,550,000. Calculate the earnings per share. (13,500,000-250,000)/5,550,000 - $2.39 III. What is the Price-Earnings ratio for MumMum Corp. 29.88/2.39 12.50 times I= of