The following was provided by Elephant Company as of December 31, Year 2:  Net income $ 528,000  Preferred stock, (20,000 shares at $10 par, 4%) $ 200,000 Common stock, (220,000 shares at $1 par) $ 220,000  Paid-in capital in excess of par-common $ 2,475,500  Retained earnings $ 3,824,500  On the most recent trading date, Elephant company common shares sold at $36 and the preferred shares sold  at $14.  The following information on industry averages is provided: Earnings per share $2.06  Price-earnings ratio 13.2:1   Required:   1) Calculate and compare Elephant Company ratios with the industry averages shown above.  (Round your answer to two decimal places.)

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.