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Business, 22.04.2021 18:50 rudokingbro6657

Lark had net income for 2024 of $112,000. Lark had 33,000 shares of common stock outstanding at the beginning of the year and 49,000 shares of common stock outstanding at the end of the year. There were 5,000 shares of preferred stock outstanding all year. Duringâ 2024, Lark declared and paid preferred dividends of $29,000. On Decemberâ 31, 2024, the market price ofâ Lark's common stock is $34 per share and the market price of its preferred stock is $57 per share. What isâ Lark's price/earnings ratio at Decemberâ 31, 2024? â(Round any intermediate calculations and your final answer to two decimalâ places.)

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Lark had net income for 2024 of $112,000. Lark had 33,000 shares of common stock outstanding at the...
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