The following information was provided by Joseph Company as of December 31, Year 2:
On the most recent trading date, Joseph's common shares sold at $36 and the preferred shares sold at $14.
The following information on industry averages is provided:
Earnings per share $2.06
Price-earnings ratio 13.2:1
Required: 1)Calculate Joseph Company's (a)earnings per share and (b)price-earnings ratios. Round your answer to two decimal places.2)Discuss whether you would invest in this company.

Question

The following information was provided by Joseph Company as of December 31, Year 2:
  On the most recent trading date, Joseph's common shares sold at $36 and the preferred shares sold at $14.
The following information on industry averages is provided:
Earnings per share $2.06
Price-earnings ratio 13.2:1
Required: 1)Calculate Joseph Company's (a)earnings per share and (b)price-earnings ratios. Round your answer to two decimal places.2)Discuss whether you would invest in this company.

Quizplus · Accepted Answer

The Answer of The following information was provided by Joseph Company as of December 31, Year 2:
  On the most recent trading date, Joseph's common shares sold at $36 and the preferred shares sold at $14.
The following information on industry averages is provided:
Earnings per share $2.06
Price-earnings ratio 13.2:1
Required: 1)Calculate Joseph Company's (a)earnings per share and (b)price-earnings ratios. Round your answer to two decimal places.2)Discuss whether you would invest in this company.

The Following Information Was Provided by Joseph Company as of December