The following information has been taken from the Muscat Company: 1,450 Other revenue 130,000 Sales return 5,000 freight and transportation out 5,000 Interest expense Preferred stock dividends 4,000...

Extracted text: The following information has been taken from the Muscat Company: 1,450 Other revenue 130,000 Sales return 5,000 freight and transportation out 5,000 Interest expense Preferred stock dividends 4,000 Repair Expenses 10,000 Gross profit 50,000price-earnings ratio number of common shares 2,000 income tax rate 40% outstanding Required: Compute the market price per share and explain the result