Atlas Corporation had net income for 2025 of $44,100. Atlas Corporation had 12,600 shares of...

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Accounting

Atlas Corporation had net income for 2025 of $44,100. Atlas Corporation had 12,600 shares of common stock outstanding at the beginning of the year and 13,400 shares of common stock outstanding as of December31,2025. During the year, Atlas Corporation declared and paid preferred dividends of $9,000.Therefore, Atlas Corporation's earnings per share for 2025 is $2.70. Assume the market price of Atlas Corporation's common stock is $10.80 per share. Compute Atlas Corporation's price/earnings ratio

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