A company reports the following: Net income $163,510 Preferred dividends $12,110 Shares of common stock outstanding 20,000 Market price per share of common stock $169.95 Determine the company's price-earnings ratio. Round your answer to two decimal places.
A company reports the following: Net income $163,510 Preferred dividends $12,110 Shares of common stock outstanding 20,000 Market price per share of common stock $169.95 Determine the company's price-earnings ratio. Round your answer to two decimal places.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 11BE
Related questions
Question
![A company reports the following:
Net income
$163,510
$12,110
Preferred dividends
Shares of common stock outstanding
20,000
Market price per share of common stock $169.95
Determine the company's price-earnings ratio. Round your answer to two decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ab6b153-d778-420a-a12c-61a1be38c549%2F8e6c6c4d-14eb-4d42-ace1-e3db142d3bff%2F48sqgks_processed.png&w=3840&q=75)
Transcribed Image Text:A company reports the following:
Net income
$163,510
$12,110
Preferred dividends
Shares of common stock outstanding
20,000
Market price per share of common stock $169.95
Determine the company's price-earnings ratio. Round your answer to two decimal places.
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