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Determine the company earnings per share on common stock

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Reference no: EM133109481

Question - A company reports the following:

Net income $585,000

Preferred dividends $33,000

Shares of common stock outstanding 60,000

Market price per share of common stock $55.20

Required -

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

b. Determine the company's price-earnings ratio.

Reference no: EM133109481

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