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, $30 par value (no change during the year) Preferred $10 stock, $200 par (no change during the year) The net income was $580,000 and the declared dividends on the common stock were $50,000 for the current year. The market price of the common stock is $6,000,000 6,000,000 $11.20 per share. 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. Earnings per Share b. Price-Earnings Ratio c. Dividends per Share d. Dividend Yield 1.4V 0.25 0.0221 x % Feecback Y Check My Work Divide net income minus preferred dividends [Preferred stock + par value) x dividend per preferred share] by common shares outstanding (common stock + par value). b. Divide common market share price by common earnings per share (from requirement a). c. Divide common dividends by common shares outstanding (common stock + par value) Check My Work 1 more Check My Work uses remaining Previous Next