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Answer the questions based on the Data Table.

Answer the questions based on the Data Table.

The annual report of Sweet Cars, Inc., for the year ended December 31, 2018, included the following items (in millions):
EB (Click the icon to view the items on the annual report.)
1. Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the
company's stock is $35.34.
2. How much does the stock market say $1 of Sweet Cars' net income is worth?
1.Calculate earnings per share (EPS) and the price-earnings ratio for Sweet Cars' stock. Round to the nearest cent. The price of a share of the company's
stock is $35.34.
Select the formulas and then calculate each ratio. (Abbreviation used; P/E = Price-earnings. Round your answers to two decimal places, XXX.)
Formula
Ratio
EPS
PIE ratio
Amount
Data Table
Preferred stock outstanding, 7%
Net income
Average number of shares of common stock outstanding
$ 800
$ 800
300
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Sep 02 2020 View more View Less

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