A corporation reported net income of $3,730,000 and paid preference cash dividends of $100,000 during the current year. There were 600,000 weighted-average ordinary shares outstanding and the market price per ordinary share was $88.33 at year-end. Calculate the company's price-earnings ratio.

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The Answer of A corporation reported net income of $3,730,000 and paid preference cash dividends of $100,000 during the current year. There were 600,000 weighted-average ordinary shares outstanding and the market price per ordinary share was $88.33 at year-end. Calculate the company's price-earnings ratio.

A Corporation Reported Net Income of $3,730,000 and Paid Preference