Earnings Per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year: Common stock, $40 par value (no change during the year) $8,000,000 Preferred $4 stock, $100 par (no change during the year) 3,000,000 The net income was $640,000, and the declared dividends on the common stock were $240,000 for the current year. The market price of the common stock is $40 per share For the common stock, determine (a) the earnings per share, (b) the price carnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent. a. Earnings per share 2.6 b. Price-earnings ratio c. Dividends per share d. Dividend yield X2