Earnings per Share and Price-Earnings Ratio
A company reports the following: Net income $1,091,000 Preferred dividends $62,000 Shares of common stock outstanding 70,000 Market price per share of common stock $85.26 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. $fill in the blank 1 959,000 b. Determine the company's price-earnings ratio. Round to one decimal place. fill in the blank 2