Question Content Area A company reported the following: Net income $264,750 ...
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Accounting
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A company reported the following:
| Net income | $264,750 |
| Preferred dividends | $19,610 |
| Shares of common stock outstanding | 34,000 |
| Market price per share of common stock | $65.32 |
Calculate the company's price-earnings ratio. Round your answer to two decimal places.
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