13/

A company has net income of $940,000; its weighted-average common shares outstanding are 188,000. Its dividend per share is $0.85, its market price per share is $96, and its book value per share is $88.00. Its price-earnings ratio equals:

Multiple Choice

17.60.

7.15.

8.85.

19.20.

8.00.

14/

A company paid $0.60 in cash dividends per share. Its earnings per share is $2.60, and its market price per share is $26.50. Its dividend yield equals:

Multiple Choice

23.1%.

4.3%.

2.3%.

9.8%.

43.3%.

15/

Torino Company has 1,600 shares of $50 par value, 7.5% cumulative and nonparticipating preferred stock and 16,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $5,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

Multiple Choice

$12,000.

$1,000.

$7,000.

$6,000.

$5,000.

16/

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 130 shares of its common stock on May 1 for $6,500. On July 1, it reissued 65 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

Multiple Choice

$6,565.

$3,445.

$2,210.

$65.

$0.