A company reported the following: Net income $425,170 Preferred dividends $31,490 Shares of common stock outstanding 56,000 Market price per share of common stock $28.19 Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1

A company reported the following: Net income $425,170 Preferred dividends $31,490 Shares of common stock outstanding 56,000 Market price per share of common stock $28.19 Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company reported the following:

Net income	$425,170
Preferred dividends	$31,490
Shares of common stock outstanding	56,000
Market price per share of common stock	$28.19

Calculate the company's price-earnings ratio. Round your answer to two decimal places.
fill in the blank 1

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