Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

تمرين 71

Earnings per Share, Price-Earnings Ratio
Rebert Inc. showed the following balances for last year:

Rebert's net income for last year was $3,182,000.
Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is $51.50.
Required:
1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share. ( Note : Round to two decimals.)
4. Compute the price-earnings ratio. ( Note : Round to the nearest whole number.)