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

Question

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

Quizplus · Accepted Answer

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

A Company Reported the Following ​ Calculate the Company's Price-Earnings Ratio

A Company Reported the Following
Calculate the Company's Price-Earnings Ratio