* For common stock only. Rebert’s net income for last year was $3,182,000. Exerc
For common stock only.
Rebert’s net income for last year was $3,182,000.
Exercise 16-41 Earnings per Share, Price-Earnings Ratio
Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is $51.50.
1.Compute the dollar amount of preferred dividends.
2.Compute the number of common shares.
3.Compute earnings per share. (Note: Round to two decimals.)
4.Compute the price-earnings ratio. (Note: Round to the nearest whole number.)