I need assistance with this general accounting question using appropriate principles. A company's stock is trading at $45 per share witha P/E ratio of 15. What is the company's earningsper share?

Step 1: Definition of Earnings per Share (EPS)Earnings per share (EPS) is a company's profit divided…

Answered: A company's stock is trading at $45 per…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 10BE

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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A company's stock is trading at $45 per share with a P/E ratio of 15. What is the company's earnings per share?