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Determine the company earnings per share on common stock

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Reference no: EM133119569

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

Net income $1,345,000

Preferred dividends $76,000

Shares of common stock outstanding 90,000

Market price per share of common stock $69.09

Required -

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

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

Reference no: EM133119569

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