Question
During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of
During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The companys total stockholders equity is $20,000,000 at December 31, 2014. Desny Corporations common stock was selling at $54 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.60 per share to common stockholders.
equired |
a. | Compute the earnings per share. (Round your answer to 2 decimal places.) |
b. | Compute the book value per share of common stock. (Round your answer to 2 decimal places.) |
c. | Compute the price-earnings ratio. (Round intermediate calculations and answer to 2 decimal places.) |
d. | Compute the dividend yield. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45).) |
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