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The annual report of Fasttrack Cars Inc. for the year ended December 31, 2020, included the following items (in thousands): Preferred shares outstanding, $2;
The annual report of Fasttrack Cars Inc. for the year ended December 31, 2020, included the following items (in thousands): Preferred shares outstanding, $2; 5,000 issued... Net income. Number of common shares outstanding.. $ 500 $ 1,200 600 1. Compute earnings per share (EPS) and the price/earnings ratio for Fasttrack Cars's common shares. Round to the nearest cent. The price of a common share of Fasttrack Cars is $77.75. 2. How much does the stock market say $1 of Fasttrack Cars's net income is worth? 1. Compute earnings per share (EPS) and the price/earnings ratio for Fasttrack Cars's common shares. Round to the nearest cent. The price of a common share of Fasttrack Cars is $77.75. (Round your answer to the nearest cent.) The EPS for Fasttrack Cars is $ The price/earnings ratio for Fasttrack Cars is . (Round your answer to two decimal places.) 2. How much does the stock market say $1 of Fasttrack Cars's net income is worth? (Round your answer to the nearest cent.) The stock market says that $1 of Fasttrack Cars's net income is worth $
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