A company reports the following: Net income $233,000 Preferred dividends $13,000 Shares of common stock outstanding 40,000 Market price per share of common stock $43.45 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.

A company reports the following: Net income $233,000 Preferred dividends $13,000 Shares of common stock outstanding 40,000 Market price per share of common stock $43.45 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 And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 11BE

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