Question ChaCha Corp. reports the following at year end: Net Income $612,000.

Question ChaCha Corp. reports the following at year end: Net Income $612,000… ChaCha Corp. reports the following at year end:Net Income                                                 $612,000Long-term debt                                             855,000Common stock, $5 par                                 400,000                                             Market Price per share ChaCha stock                $32# shares of common stock outstanding         80,000What are ChaCha’s Earnings per Share and Price/Earnings ratio, respectively? Accounting Business Managerial Accounting ACCT 6320 Share QuestionEmailCopy link