The following information was taken from the financial statements of Tolbert Inc. for December 31 of the
Question:
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
Common stock, $20 par (no change during the year) ........................ $8,000,000
Preferred $4 stock, $50 par (no change during the year) ..................... 1,500,000
The net income was $2,010,000, and the declared dividends on the common stock were $1,728,000 for the current year. The market price of the common stock is $72 per share. For the common stock, determine
(a) The earnings per share,
(b) The price-earnings ratio,
(c) The dividends per share, and
(d) The dividend yield. Round ratios and percentages to one decimal place, except for per-share amounts.
Step by Step Answer:
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider