A company reported the following:
Net income
$270,000
Preferred dividends
$10,000
Shares of common stock outstanding
20,000
Market price per share of common stock
$36.40
Calculate the company's priceearnings ratio. Round your answer to one decimal place.

Question

A company reported the following:
Net income
$270,000
Preferred dividends
$10,000
Shares of common stock outstanding
20,000
Market price per share of common stock
$36.40
Calculate the company's price­earnings ratio. Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reported the following:
Net income
$270,000
Preferred dividends
$10,000
Shares of common stock outstanding
20,000
Market price per share of common stock
$36.40
Calculate the company's price­earnings ratio. Round your answer to one decimal place.

A Company Reported the Following