2018 $380,000 8,400 388,400 VERNON COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 Revenues Sales (net) $400,000 Other revenues 11,400 Total revenues 411,400 Expenses Cost of goods sold 200,000 Selling, general, and administrative 72,000 Interest expense 13,100 Income tax expense 108,000 Total expenses 393, 100 Net earnings (net income) 18,300 Retained earnings, January 1 131,000 Less: Preferred stock dividends 3,500 Common stock dividends 4,600 Retained earnings, December 31 $141,200 154,000 67,000 12,300 107,000 340,300 48, 100 91,000 3,500 4,600 $131,000 q. Book value per share of common stock. (Round your answers to 2 decimal places.) r. Price-earnings ratio (market price per share: 2018, $12.60; 2019, $14.20). (Round your Intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.) Dron 2 of 2 Sco