The Stockholders’ Equity section of the balance sheet of Jordan Corporation is as follows:

Net income for the year is $ 123,000. Stockholders’ equity was $ 879,000 at the beginning of the year. The present market price of the stock is $ 44 per share. Determine the following, rounding to two decimal places:

a. Equity per share

b. Rate of return on common stockholders’ equity.

c. Earnings per share

d. Price-earnings ratio

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Stockholders Equity Paid-in Capital Common Stock, $5 par (100,000 shares authorized 80,000 shares issued and outstanding) Paid-in Capital in Excess of Par Vau $400,000 140,000 $540,000 290,000 Total Paid-in Capital Retained Eamings Total Stockholdes Equity $830,000