Question
Determine Earnings per share, price-earnings ratio, dividend yield The following information was taken from the financial statements of Tolbert Inc. as of December 31 of
Determine
Earnings per share, price-earnings ratio, dividend yield
The following information was taken from the financial statements of Tolbert Inc. as of December 31 of this fiscal year:
Common stock, $30 par value (no change during the year) | $4,800,000 |
$4 Preferred Stock, $200 at par (no change during the year) | 4,000,000 |
Net income was $560,000 and declared dividends on common stock were $40,000 for the current year. The market price of the common stock is $21.00 per share.
For common stocks, determine (a) earnings per share, (b) price-earnings ratio, (c) dividends per share, and (d) dividend yield. If necessary, round your answers to two decimal places.
to. earnings per share | ps | |
b. rate of profit over price | ||
C. Dividends per share | ps | |
d. dividend yield | % |
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Survey of Accounting
Authors: Carl S Warren
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9780538489737, 538749091, 538489731, 978-0538749091
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