Templet Corp. earned net income of $118,400 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Templet's books...

Extracted text: Templet Corp. earned net income of $118,400 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Templet's books include the following figures: (Click the icon to view the figures.) Read the requirements. ..... Requirement 1. Compute Templet's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.) Earnings per share %3D %3D Data table Requirements Preferred Stock-4%, $35 par value; 2,000 shares authorized, 1,000 shares issued and outstanding 35,000 Common Stock-$10 par value; 95,000 shares authorized, 53,000 shares issued, 52,000 shares outstanding 530,000 1. Compute Templet's EPS (Earnings Per Share) for the year. 2. Assume Templet's market price of a share of common stock is $9 per share. Compute Templet's price/earnings ratio. Paid-In Capital in Excess of Par-Common 530,000 Treasury Stock-Common; 1,000 shares at cost (20,000) Print Done Print Done