The Crestar Company reported net income of $158,400 on 28,000 average outstanding common shares. Preferred dividends total $12,800. On the most recent trading day, the preferred shares sold at $58 and the common shares sold at $88. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)

Answer rating: 100% (QA)

The detailed answer for the above question is provided below ANSWER AND WORKINGS The companys ... View the full answer