Question
The Crestar Company reported net income of $158,400 on 28,000 average outstanding common shares. Preferred dividends total $12,800. On the most recent trading day, the
The Crestar Company reported net income of $158,400 on 28,000 average outstanding common shares. Preferred dividends total $12,800. On the most recent trading day, the preferred shares sold at $58 and the common shares sold at $88. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
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290-1259222138, 1259222136, 978-1259222139
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