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

Question

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

Quizplus · Accepted Answer

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

A Company Reported the Following Calculate the Company's Price­earnings Ratio

A Company Reported the Following Calculate the Company's Priceearnings Ratio