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Determine the company price-earnings ratio

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Reference no: EM133071826

Question - A company reports the following:

Net income $1,441,000

Preferred dividends $82,000

Shares of common stock outstanding 90,000

Market price per share of common stock $54.36

Required -

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

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

Reference no: EM133071826

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