Crestar Company reported net income of $112,000 on 20,000 average outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $95. What is this company's current price-earnings ratio?
A)19
B)17
C)20
D)None of these answers choices are correct.

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The Answer of Crestar Company reported net income of $112,000 on 20,000 average outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $95. What is this company's current price-earnings ratio?
A)19
B)17
C)20
D)None of these answers choices are correct.

Crestar Company Reported Net Income of $112,000 on 20,000 Average