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Question: Computing earnings per share, price/earnings ratio, and rate of return on common stockholders' equity Austin Company reported these figures for 2016 and 2015:

Requirements: 1. Compute Austin Company's earnings per share for 2016. Assume the company paid the minimum preferred dividend during 2016.

2. Compute Austin Company's price/earnings ratio for 2016. Assume the company's market price per share of common stock is $5.

3. Compute Austin Company's rate of return on common stockholders' equity for 2016. Assume the company paid the minimum preferred dividend during 2016.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92648724

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