Daniel Corporation had net income for 2018 of? $75,000. Daniel had? 6,000 shares of common...
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Accounting
Daniel Corporation had net income for 2018 of? $75,000. Daniel had? 6,000 shares of common stock outstanding at the beginning of the year and? 22,000 shares of common stock outstanding at the end of the year. There were? 8,000 shares of preferred stock outstanding all year. During? 2018, Daniel declared and paid preferred dividends of? $26,000. On December? 31, 2018, the market price of? Daniel's common stock is? $45 per share and the market price of its preferred stock is? $73 per share. What is? Daniel's price/earnings ratio at December? 31, 2018? ?(Round any intermediate calculations and your final answer to the nearest cent?.
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