A company reported the following: Net income $423,790 Preferred dividends $31,390 Shares of common stock outstanding 36,000 Market price per share of common stock $184.43 Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1

A company reported the following: Net income $423,790 Preferred dividends $31,390 Shares of common stock outstanding 36,000 Market price per share of common stock $184.43 Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1

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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Question

A company reported the following:

Net income	$423,790
Preferred dividends	$31,390
Shares of common stock outstanding	36,000
Market price per share of common stock	$184.43

Calculate the company's price-earnings ratio. Round your answer to two decimal places.
fill in the blank 1

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