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Earnings per Share, Price-Earings Ratio, Dividend Yield The following information was taken from the financial statements of Zell Inc. for December 31 of the
Earnings per Share, Price-Earings Ratio, Dividend Yield The following information was taken from the financial statements of Zell Inc. for December 31 of the current fiscal year: Common stock, $30 par value (no change during the year) Preferred $4 stock, $100 par (no change during the year) $7,800,000 3,000,000 The net income was $900,000 and the declared dividends on the common stock were $65,000 for the current year. The market price of the common stock is $22.50 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 answers to two decimal places. a. Eamings per Share b. Price-Earnings Ratio c. Dividends per Share d. Dividend Yield
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