Question
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current fiscal year:
The net income was $1,102,000 and the declared dividends on the common stock were $176,904 for the current year. The market price of the common stock is $23.40 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.
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