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.
Definitions:
Sensations
Perceptions or feelings resulting from the stimulation of the sensory organs by the external environment.
Brain
The complex organ located in the skull that coordinates mental functions, interprets sensory information, and directs behavior.
Reflex
An involuntary and automatic reaction or response to a stimulus.
Stimulus
An external factor or event that provokes a response or reaction from a biological organism or system.
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