Just need some help on this please!

I will rate!

Many thanks and God bless!!!

RUT Corporation had net income for 2018 of $46,500. RUT had 11,000 shares of common stock outstanding at the beginning of the year and 15,000 shares of common stock outstanding as of December 31, 2018. During the year, RUT declared and paid preferred dividends of $7,500. Therefore, RUT's earnings per share for 2018 is $3.00. Assume the market price of RUT's common stock is $18.00 per share. Compute RUT's pricelearnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio as of December 31, 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round the ratio to two decimal places.) Price/earnings ratio 1 Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Check