Find the company price-earnings ratio

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Reference no: EM132691625

Problem - A company reports the following:

Net income $410,000

Preferred dividends $60,000

Shares of common stock outstanding 50,000

Market price per share of common stock $84

Required -

a. Find the company's earnings per share on common stock.

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

Reference no: EM132691625

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