Earnings per share and price-earnings ratio A company reports the following: Net income Preferred dividends Shares...

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Earnings per share and price-earnings ratio A company reports the following: Net income Preferred dividends Shares of common stock outstanding $820,000 $46,000 90,000 $128.14 Market price per share of common stock a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place. Earnings per share and price-earnings ratio A company reports the following: Net income Preferred dividends Shares of common stock outstanding $820,000 $46,000 90,000 $128.14 Market price per share of common stock a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place.