During Year 3, Gibson Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock outstanding remained constant at 9.700 of $100 par, 8 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,500,000 at December 31, Year 3. Gibson 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 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 answer to 2 decimal places. (i.e., 2345 should be entered as 23.45).) a. Earnings per share b. Book value per share c. Price-earnings ratio d Dividend yield times % The December 31, Year 4 balance sheet for Vernon Corporation is presented here. These are the only accounts on Vernon's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: VERNON CORPORATION Balance Sheet As of December 31, Year 4 Assets Cash $ 34,000 Accounts receivable (net) ? Inventory 2 Property, plant, and equipment (net) 320,000 $410,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings $ ? 34,000 ? 326,000 2 $ Additional Information Current ratio (at year end) Total liabilities - Total stockholders' equity Gross margin percent Inventory turnover (Cost of goods sold - Ending inventory) Gross margin for Year 4 1.5 to 1.0 50% 40% 12.4 times $341,000 Additional Information Current ratio (at year end) Total liabilities + Total stockholders' equity Gross margin percent Inventory turnover (Cost of goods sold + Ending inventory) Gross margin for Year 4 1.5 to 1.0 60% 40% 12.4 times $341, 000 Required a. Compute the balance in trade accounts payable as of December 31, Year 4. b. Compute the balance in retained earnings as of December 31, Year 4. c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year) (For all requirements, negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a Accounts payable Retained earnings c. Inventory