Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $1,089,000 Preferred dividends $62,000 Shares of common stock outstanding 65,000 Market price per share of common stock $131.14 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 for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place.

Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $1,089,000 Preferred dividends $62,000 Shares of common stock outstanding 65,000 Market price per share of common stock $131.14 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 for 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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