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Determine the company earnings per share on common stock

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Reference no: EM132991181

Question - Earnings per Share and Price-Earnings Ratio - A company reports the following:

Net income $737,000 Preferred dividends $42,000 Shares of common stock outstanding 50,000 Market price per share of common stock $83.4

a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent.

b. Determine the company's price-earnings ratio. Round to one decimal place.

Reference no: EM132991181

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