3. value: 4.00 points

Selected data for Putin Company for 2014 and additional information on industry averages follow.

Earnings (Net Income)				$ 195,600
Preferred stock (13,200 shares @ $50 par, 4%)				$ 660,000
Common stock (45,000 shares no par, market value $56)				$ 510,000
Retained earnings				$ 562,500
				1,732,500
Less: Treasury stock
Preferred (1,800 shares)			$ 54,000
Common (1,800 shares)			24,000	78,000
Total stockholders' equity				$ 1,654,500

Industry averages
Earnings per share	$5.20
Price - earnings ration	9.50%
Return on equity	11.20%

Required

a. Calculate the Putin Companys ratios. (Round your answers to 2 decimal places.)

Price - earnings ratio
Return on equity		%