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During Year 4, Racing Limited reported net income after taxes of $968,000. During the year, the number of shares of stock outstanding remained constant at
During Year 4, Racing Limited reported net income after taxes of $968,000. During the year, the number of shares of stock outstanding remained constant at 5,360 shares of $50 par, 6 percent preferred stock and 43,600 shares of common stock. The company's total liabilities and stockholders' equity on December 31, Year 4 , was $1,490,000, which included $486,000 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 $2.90 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
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