A company reported the following: Net income $425,170 Preferred dividends $31,490 Shares of common stock outstanding 56,000 Market price per share of common stock $28.19 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 $425,170 Preferred dividends $31,490 Shares of common stock outstanding 56,000 Market price per share of common stock $28.19 Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1
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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A company reported the following:
Net income | $425,170 |
Preferred dividends | $31,490 |
Shares of common stock outstanding | 56,000 |
Market price per share of common stock | $28.19 |
Calculate the company's price-earnings ratio. Round your answer to two decimal places.
fill in the blank 1
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