The Following Information Was Provided by Joseph Company as of December

question 5

Essay

The following information was provided by Joseph Company as of December 31, Year 2:
On the most recent trading date, Joseph's 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 Joseph Company's (a)earnings per share and (b)price-earnings ratios. Round your answer to two decimal places.2)Discuss whether you would invest in this company.

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Definitions:

Operands

The entities on which operators perform operations in expressions, such as variables or values.

Period

A length or span of time characterized by a specific condition, activity, or event.

Terminate

To bring an activity, process, or operation to an end; in computing, it often refers to stopping a program or process.

Cast Operator

A symbol or method in programming used to convert a variable from one data type to another.