A company reported the following: Net income 270,000 Preferred Dividends 10,000 Shares of common stock outstanding 20,000

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A company reported the following:

Net income 270,000

Preferred Dividends 10,000

Shares of common stock outstanding 20,000

Market price per share of common stock 36.40

Calculate the company's price-earnings ratio. Round your answer to one decimal place.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Mar 16, 2024 02:08 AM

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A company reported the following: Net income 270,000 Preferred Dividends 10,000 Shares of common stock outstanding 20,000

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PriceEarnings Ratio PE Ratio The pricetoearnings ratio PE ratio is a metric used in stoc... View the full answer

Intermediate Accounting

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