Question
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:
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, $125 par value (no change during the year)$12,500,000Preferred $6 stock, $90 par (no change during the year)2,250,000
The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) thedividends per share, and (d) the dividend yield.
Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent.
a.Earnings per share$b.Price-earnings ratioc.Dividends per share$d.Dividend yield
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started