E $9-21$ Earnings per share, price$-$earnings ratio, dividend yield

Obj. $5$

The following information was taken from the financial statements of Monarch Resources

Inc. for December $31$ of the current year:

Details

The net income was $$1,300,000,$ and the declared dividends on the common stock were

$$460,000$ for the current year. The market price of the common stock is $$92$ per share.

For the common stock, determine $($a$)$ the earnings per share, $($b$)$ the price$-$earnings ratio,

$($c$)$ the dividends per share, and $($d$)$ the dividend yield.

Answer:

Check Figure: Price$-$earnings ratio, $8\mathrm{.}0$