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Selected data for Dalton Company for Year 3 follows: Earnings (net income) $ 97,800 Preferred stock (13,200 shares at $25 par, 4%) $ 330,000 Common

Selected data for Dalton Company for Year 3 follows:

Earnings (net income) $ 97,800
Preferred stock (13,200 shares at $25 par, 4%) $ 330,000
Common stock (45,000 shares no par, market value $28) 255,000
Retained earnings 281,250
$ 866,250
Less: Treasury stock
Preferred (1,800 shares) $ 27,000
Common (1,800 shares) 12,000 39,000
Total stockholders equity $ 827,250

Required a. Calculate the Dalton Companys ratios. (Round your answers to 2 decimal places.)

Earnings per share ?
Price-earnings ratio ?
Return on equity 11.82 %

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