A company reports the following:
Net income$270,000
Preferred dividends$10,000
Shares of common stock outstanding20,000
Market price per share of common stock$36.40

?Calculate the company's price-earnings ratio. Round your answer to one decimal place.

Question

A company reports the following:
Net income$270,000
Preferred dividends$10,000
Shares of common stock outstanding20,000
Market price per share of common stock$36.40

?Calculate the company's price-earnings ratio. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following:
Net income$270,000
Preferred dividends$10,000
Shares of common stock outstanding20,000
Market price per share of common stock$36.40

?Calculate the company's price-earnings ratio. Round your answer to one decimal place.

A Company Reports the Following