# 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 Print Done

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Question
Practice Pack

Answer the questions based on the Data Table.

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