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Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000 3,000,000
Rebert Inc. showed the following balances for last year: January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000 3,000,000 3,000,000 Common stock, $3 par Additional paid-in capital* Retained earnings 4,800,000 4,800,000 4,000,000 4,250,000 Total stockholders' equity $15,800,000 $16,050,000 For common stock only. Rebert's net income for last year was $3,182,000. Also, assume that the market price per share for Rebert is $51.50 Required: 1. Compute the dollar amount of preferred dividends. 5 2. Compute the number of common shares shares 3. Compute earrings per share. Round to two decimal places. per share Required: 1. Compute the dollar amount of preferred dividends. $ 2. Compute the number of common shares. shares 3. Compute earnings per share. Round to two decimal places. $ per share UA 4. Compute the price-earnings ratio. Round to the nearest whole number
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