Autosave DER Fall 2020 Quiz NV24 1.40 pm - Compatibility Mode EB : Design Layout Home Insert Draw References> Tell me Share Comments Verdana . 11 PO Patte BTU AD Paragraph Styles Dictato Use the following Information to answer questions 21-24 Thunder Road Corp supplies parts for race cars. Its current market price is $80 per share, but was $100 per share last month. Its latest annual report shows net income of $ 4,450 and total common stock of $30,000. The annual report also lists 3,500 shares of common stock outstanding, $3,500 in retained earnings, and the annual cash dividend of $8.00 per share. Using the information, calculate 21. Earnings per share A. $1.27 B. $1.30 C. $7.00 D. $1.00 E. None are correct 22. Current Price Earnings ratio A. 71 B. 63 c. 79 D. 53 E. None are correct 23. Book value per share A $ 1.27 B. $8.57 C. $9.57 D.$1.00 E. None are correct 24. Dividend yield A. 89 3.10% C. 12 D.15% E. None are correct 25. Dividend payout ratio, assuming Earnings per share are $20 A. 10815C. 20% D. 40% E. none are correct 26. Which of the following does NOT represent the fundamental accounting equation? (A is assets; L is liabilities; SE is stockholder equity; RE is retained earnings cc is contributed capital) A A-LSE BAL+SE CA-LRECC D. A=L+RE+CC 232 words Crocua