Ralite Company had net income for the year of $20 million. It had 2 million shares of

Question:

Ralite Company had net income for the year of $20 million. It had 2 million shares of outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.
Required:
Calculate the following ratios:
(a) Price/earnings ratio,
(b) yield,
(c) payout. Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...