Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During 2018, Rundle Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,920 of
During 2018, Rundle Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,920 of S100 par, 8 percent preferred stock and 399,000 shares of common stock. The company's total stockholders' equity is $20,000,000 at December 31, 2018. Rundle Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders. Required Compute the earnings per share. (Round your answer to 2 decimal places.) Compute the book value per share of common stock. (Round your answer to 2 decimal places.) Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) Compute the dividend yield
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started