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During Year 4. Racing Limited reported net income after taxes of $951,000. During the year, the number of shares of stock outstanding remained constant
During Year 4. Racing Limited reported net income after taxes of $951,000. During the year, the number of shares of stock outstanding remained constant at 5,020 shares of $50 par, 6 percent preferred stock and 40,200 shares of common stock. The company's total liabilities and stockholders' equity on December 31, Year 4, was $1,405,000, which included $452,000 of liabilities. The common stock was selling for $60 per share at the end of the year All dividends for the year was declared and paid, including $2.05 per share to common stockholders. Required: Compute the following a Earnings per share b. Book value per share. c. Price-earnings ratio d. Dividend yield Note: Do not round intermediate calculations. Round earnings per share and book value per share to 2 decimal places. Round price-earnings ratio and dividend yield percentage to 1 decimal place. a Earnings per share b Book value per share of common stock e Price-eamings ratio d Dividend yield times %
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