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Crestar Company Reported Net Income of $112,000 on 20,000 Average

question 71

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Crestar Company reported net income of $112,000 on 20,000 average outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $95. What is this company's current price-earnings ratio?


Definitions:

Soil Erosion

The process by which soil is removed from the land surface by wind or water flow, often exacerbated by human activity, leading to diminished land fertility.

Alley Cropping

An agricultural practice that involves planting rows of trees or shrubs interspersed with crops, to enhance biodiversity and reduce soil erosion.

Minimize Soil Erosion

The implementation of practices and measures aimed at reducing the removal of soil by water, wind, or other erosive forces.

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