Lotsky Power Tools Corp had net income of $1,478,000.It paid $5,000 in preferred dividends.Lotsky had 200,000 common shares issued,and 8,000 treasury shares.The market price of Lotsky's shares was $38.25.Calculate the price-earnings ratio.

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The Answer of Lotsky Power Tools Corp had net income of $1,478,000.It paid $5,000 in preferred dividends.Lotsky had 200,000 common shares issued,and 8,000 treasury shares.The market price of Lotsky's shares was $38.25.Calculate the price-earnings ratio.

Lotsky Power Tools Corp Had Net Income of $1,478,000