Question
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
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