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For 2008, Orchard Corporation reported after-tax net income of $5,800,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of
For 2008, Orchard Corporation reported after-tax net income of $5,800,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 9 percent preferred stock and 400,000 shares of common stock. The companys total stockholders equity was $23,000,000 at December 31, 2008. Orchard Corporations common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders. Required: Compute the following: a.Earnings per share b.Book value per share of common stock c.Price-earnings ratio d.Dividend yield (Round your answers to 2 decimal places. Omit the "$" and "%" sign in your response.) a. Earnings Per Share = $ b. Book Value Per Share of common stock = $ c. Price-Earnings Ratio = times earnings d. Dividend Yield = %
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