earnings per share and price-earnings ratio a company reports the following: net income $458,000 preferred dividends $26,000 shares of common stock outstanding 80,000 market price per share of common stock $58.86 a. determine the company's earnings per share on common stock. round your answer to the nearest cent. use the rounded answer of requirement a for subsequent requirement, if required. $fill in the blank 1 b. determine the company's price-earnings ratio. round to one decimal place.