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The following data are provided for Cullumber Corp. s past two fiscal years: Dec 3 1 , 2 0 2 4 Dec 3 1 ,

The following data are provided for Cullumber Corp.s past two fiscal years:
Dec 31,2024
Dec 31,2023
Cumulative preferred shares, $6, no par value,
5000 shares outstanding
$200000
$200000
Common shares, no par, 24800 shares outstanding
402000
314000
Retained earnings (post closing)
482000
433000
Net income
179000
Additional information:
On May 1,2024,6000 common shares were issued. Although dividends had been declared regularly up to December 31,2023, preferred dividends were NOT declared during 2024. The market price of the common shares was $100 at December 31,2024.
The price earnings ratio for 2024 is
17.99
14.09
12.48
15.29The following data are provided for Cullumber Corp.'s past two fiscal year's:
Dec 31,2024
Dec 31,2023
Cumulative preferred shares, $6, no par value,
Additional information:
On May 1,2024,6000 common shares were issued. Although dividends had been declared regularly up to December 31,2023,
preferred dividends were NOT declared during 2024. The market price of the common shares was $100 at December 31,2024.
The price earnings ratio for 2024 is
17.99.
14.09.
12.48.
15.29.
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