Question: Rebert Inc. showed the following balances for last year:
Rebert's net income for last year was $3,182,000.
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.
Required: 1. Compute the dollar amount of preferred dividends.
2. Compute the number of common shares.
3. Compute earnings per share.
4. Compute the price-earnings ratio.