Acompany has net income of $865,000; its weighted-average common shares outstanding are 173,000. its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. its price-earnings ratio equals (do not round your intermediate calculations): a. 2.20. b. 20.30. c. 21.00. d. 3.50. e. 4.80.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.