A company reports the following: Net income $596,500 Preferred dividends $34,000 Shares of common stock outstanding 75,000 Market price per share of common stock $81.75 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a fa subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place.

A company reports the following: Net income $596,500 Preferred dividends $34,000 Shares of common stock outstanding 75,000 Market price per share of common stock $81.75 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a fa subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place.

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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