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Determine the company earnings per share on common stock

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Reference no: EM132965035

A company reports the following:

Net income $967,000

Preferred dividends $55,000

Shares of common stock outstanding 80,000

Market price per share of common stock $82.08

Problem 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.

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

Reference no: EM132965035

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