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Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31 2019, financial statements: $ 32,200 For

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Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31 2019, financial statements: $ 32,200 For the Year Ended December 31, 2019: Net revenues Cast of services provided Depreciation expense Operating income Interest expense Income tax expense 6,500 $ 14, see Net Income 3, 2ee 8.200 $ $ 2,6ee le.ee $92.ee At December 31, 2019: Assets Cash and short-tere Investments Accounts receivable, ndt Property, plant, and equipsent, net Total assets Liabilities and stockholders' Equity Accounts payable Income taxes payable Notes payable (long ters) Paid.in capital Retained earnings Total liabilities and stockholders' equity 12.00 2. At December 31, 2018. total assets were $81.000 and total stockholdersequity was $34.000. There were no changes in notes payable or pald-in capital during 2019. 1. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,050,000 shares of $1 par value common stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was $18.75. Calculate the following profitability measures for the year ended December 31, 2019: 1. Earnings per share of common stock 2. Pricelearnings ratio 3. Dividend yield. 4. Dividend payout ratio

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