QUESTION 12 A corporation has 1000 shares, 5% preferred stock of $70.00 par preferred stock, and 5000 $50.00 par shares of common stock outstanding. The net income for the year is $100,000. Common stock is presently sold on the stockmarket at a 20% premium. What is the price/earnings (P/E) ratio? (Earnings per share = (Net Income - Preferred dividend) / the number of common shares outstanding) (P/E Ratio - Market value of common stock /EPS) 3.68 2.59 O 5.00 03.11 Che Sone and Submit to save and submit. Click Save All Answers to see aller MacBook