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earning per share Ch 17-3 Exercises and Problems Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of

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Ch 17-3 Exercises and Problems Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) $10,500,000 Preferred $4 stock, $100 par (no change during the year) 3,000,000 The net income was $456,000 and the declared dividends on the common stock were $52,500 for the current year. The market price of the common stock is $13.60 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. If required, round your swers to two decimal places. a. Earnings per Share b. Price-Earnings Ratio c. Dividends per Share III d. Dividend Yield

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