Financial Ratios for Common Stockholders

Morgan Corporation has only common stock outstanding. The firm reported earnings per share of $$6\mathrm{.}00$ for the year. During the year, Morgan paid dividends of $$2\mathrm{.}10$ per share. At year end the current market price of the stock was $$72$ per share.

Calculate the following:

Note: Round all answers to one decimal place.

a$.$ Price$-$earnings ratio

Answer

b$.$ Dividend yield

Answer

$\%$

c$.$ Dividend payout ratio

Answer

$\%$