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Determine the price-earnings ratio on common stock

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Reference no: EM133186303

Question - On December 31, 2020 and 2021, Finman Corporation had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding.

Additional information:

Stockholders' equity at 12/31/2021 P4,500,000

Net income year ended 12/31/2021 P1,200,000

Dividends on preferred stock year ended 12/31/2021 P300,000

Market price per share of common stock at 12/31/2021 P144

Required - Determine the price-earnings ratio on common stock at December 31, 2021?

Reference no: EM133186303

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