Bianchi Company reported these figures for 2024 and 2023:

Requirements
1. Compute Bianchi Company’s earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024.
2. Compute Bianchi Company’s price/earnings ratio for 2024. Assume the company’s market price per share of common stock is $9.
3. Compute Bianchi Company’s rate of return on common stockholders’ equity for 2024. Assume the company paid the minimum preferred dividend during 2024.

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Income Statement-partial: Net Income Balance Sheet-partial: Total Assets Paid-In Capital: Preferred Stock-11%, $9 Par Value; 60,000 shares authorized, 12,000 shares issued and outstanding Common Stock-$2 Par Value; 60,000 shares authorized, 50,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity 2024 $ 34,380 Dec. 31, 2024 $ 285,000 $ 108,000 100,000 14,000 60,500 $ 282,500 2023 $ 18,000 Dec. 31, 2023 $ 280,000 $ 108,000 100,000 14,000 38,000 $ 260,000