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Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the finandal statements of Tolbert Inc. for December 31 of the current
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the finandal statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $30 par value (no change during the year) $4,500,000 Preferred $4 stock, $200 par (no change during the year) 4,000,000 The net income was $470,000 and the declared dividends on the common stock were $37,500 for the current year. The market price of the common stock is $22.10 per share For the common stock, determine (s) the earnings per share. (b) the price-earnings ratio, (c) the dividends per there, and (c) 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 16
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