Calculate the company's price earning ratio
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 11BE
Related questions
Question
Calculate the company's price earning ratio
![A company reports the following:
Net income
$249,250
Preferred dividends
$18,460
Shares of common stock outstanding
49,000
Market price per share of common stock
$107.58
Calculate the company's price-earnings ratio. Round your answer to two decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb9afb7ec-6132-4cc2-ad37-8ac5ebf1a4cc%2F06c38721-d969-425b-8ceb-f46c7b5a229a%2F637wce_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company reports the following:
Net income
$249,250
Preferred dividends
$18,460
Shares of common stock outstanding
49,000
Market price per share of common stock
$107.58
Calculate the company's price-earnings ratio. Round your answer to two decimal places.
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