FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Earnings per Share and Price-Earnings Ratio
A company reports the following:
Net income | $1,340,000 |
Preferred dividends | $76,000 |
Shares of common stock outstanding | 80,000 |
Market price per share of common stock | $132.72 |
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.
$fill in the blank 1
b. Determine the company's price-earnings ratio. Round to one decimal place.
fill in the blank 2
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