Question
Freebird Inc. had a net income of $350,400 for the year ended July 31, 2019. The company does not have any preferred stock and has
Freebird Inc. had a net income of $350,400 for the year ended July 31, 2019. The company does not have any preferred stock and has 115,000 shares of common stock outstanding for the entire year. During the year, they paid out $60,600 in dividends. Assume the market price of each common share at the companys year end is $18 per share. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate earnings per share. Earnings per share = $Answer b) Calculate the dividend yield. Dividend Yield = Answer % c) Calculate the price earnings ratio. Price Earnings Ratio = Answer
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