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During Year 3, Franklin Corporation reported after-tax net income of $3,600,000. During the year, the number of shares of stock outstanding remained constant at 9,960

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During Year 3, Franklin Corporation reported after-tax net income of $3,600,000. During the year, the number of shares of stock outstanding remained constant at 9,960 of $100 par. 10 percent preferred stock and 395,000 shares of common stock. The company's total stockholders equity is $19,500,000 at December 31. Year 3. Franklin Corporation's common stock was selling at $51 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 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 final answer to 2 decimal places.) d. Compute the dividend yield (Round your percentage answer to 2 decimal places. (l.e., 0.2345 should be entered as 23,45).) Earnings per share D Book value per share Pricemings ratio d Dividend yeld mes Following is the balance sheet of Balrd Company for Year 3: BAIRD COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,500 8,340 12,748 11,1ee 169,500 (12,400) $204,780 $ 8,330 3,680 4,350 22,020 113,200 53,200 $204,780 The average number of common stock shares outstanding during Year 3 was 860 shares. Net Income for the year was $15,100, Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share B. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Return on investment Return on equity 96

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