Robert Inc showed the following balance for last year; January 1 December 31stock holder $4,000.000 $4,000,000equity preferred stock100 par 8% common stock $3 par $3,000.000 3,000.000additional paid in capital 4,800,000 4,800,000retained earnings 4,000,000 4,250,000total stock equity 15,800,000 16,050.000Robert net income for last year was 3,182,000.refer to the information for Robert Inc. above also assume that the market price per share for Robert is $51.50Require:
1-compute the dollar amount of preferred dividends
2-compute the number of common shares
3-compute earnings per share round to two decimals
4-compute the price earnings ratio round to the nearest whole number