17-3 17-21

Earnings per Share, Price-Earnings Ratio, Dividend Yield

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:

Common stock, $50 par value (no change during the year)	$15,000,000
Preferred $5 stock, $100 par (no change during the year)	4,000,000

The net income was $920,000 and the declared dividends on the common stock were $75,000 for the current year. The market price of the common stock is $20.40 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. If required, round your answers to two decimal places.

a. Earnings per Share	$
b. Price-Earnings Ratio
c. Dividends per Share	$
d. Dividend Yield		%