(Answered) Question - earnings per share and price-earnings ratioa

Accounting

Question - Earnings per Share and Price-Earnings Ratio

A company reports the following:

Net income $745,000 Preferred dividends $42,000 Shares of common stock outstanding 95,000 Market price per share of common stock $31.82

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.

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