ACCT 23020 Lecture Notes - Lecture 38: Dividend Yield, Net Income, Market Price
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3 Feb 2020
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Earnings per Share, Price-Earnings Ratio, Dividend Yield
The following information was taken from the financialstatements of Tolbert Inc. for December 31 of the current fiscalyear:
Common stock, $10 par value (no change during the year) | $2,300,000 |
Preferred $10 stock, $200 par (no change during the year) | 6,000,000 |
The net income was $760,000 and the declared dividends on thecommon stock were $57,500 for the current year. The market price ofthe common stock is $14.00 per share.
For the common stock, determine (a) the earnings per share, (b)the price-earnings ratio, (c) the dividends per share, and (d) thedividend yield. If required, round your answers to two decimalplaces.
a. Earnings per Share | $ | |
b. Price-Earnings Ratio | ||
c. Dividends per Share | $ | |
d. Dividend Yield | % |