12.Use the following information to obtain the ratios requested below. Where necessary, carry answers to one decimal place

Dividends per share: $1.14

Market price per share: $54

Net income: $118,000

Stockholders' equity, beginning of year: $500,000

Stockholders' equity, end of year: $530,000

Earnings per share: $1.75

a. Dividends yield = _____________%

b. Return on equity = _____________%

c. Price/earnings (P/E) ratio = __________ times