Determine the companys earnings per share on common stock

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Reference no: EM13569030

A company reports the following:

Net income

$250,000

Preferred dividends

$15,000

Shares of common stock outstanding

20,000

Market price per share of common stock

$35.00

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

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

Reference no: EM13569030

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