earnings per share

Project Description:

use the following information for exercises 16-40 and 16-42:
rebert inc. showed the following balances for last year:
january 1 december 31
stockholders’ equity:
preferred stock, $100 par, 8% $ 4,000,000 $ 4,000,000
common stock, $3 par 3,000,000 3,000,000
additional paid-in capital* 4,800,000 4,800,000
retained earnings 4,000,000 4,250,000
total stockholders’ equity $15,800,000 $16,050,000
* for common stock only.
rebert’s net income for last year was $3,182,000.

refer to the information for rebert inc. above. also, assume that the market price per share for
rebert is $51.50

compute the dollar amount of preferred dividends.
2. compute the number of common shares.
3. compute earnings per share. (note: round to two decimals.)
4. compute the price-earnings ratio. (note: round to the nearest whole number.)

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