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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

Question Posted: