Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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)

$6,500,000

Preferred $4 stock, $100 par (no change during the year)

2,000,000

The net income was $236,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is $10.20 per share.

For the common stock, determine (a) theearnings per share, (b) the price-earnings ratio, (c) thedividends per share, and (d) the dividend yield. If required, round your answers to two decimal places.

a.Earnings per Share

$

b.Price-Earnings Ratio

c.Dividends per Share

$

d.Dividend Yield

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law, Business And Society

Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker

12th Edition

1259721884, 978-1259721885

More Books

Students also viewed these Accounting questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago