Essay
The following information was provided by Jongeward Company as of December 31, 2012: 
On the most recent trading date, Jongeward's common shares sold at $36 and the preferred shares sold at $14.
The following information on industry averages is provided:
Earnings per share $3.06
Price-earnings ratio 19.2:1
Required:
1) Calculate and compare Jongeward Company's ratios with the industry averages shown above.
2) Discuss whether you would invest in this company.
Correct Answer:
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1) Earnings per share = ($528,000 - $8,0...View Answer
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Correct Answer:
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