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Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements: For the Year

Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2013, financial statements:

For the Year Ended December 31, 2013:
Net revenues $ 32,600
Cost of services provided 11,300
Depreciation expense 5,000
Operating income $ 16,300
Interest expense 3,800
Income tax expense 3,400
Net income $ 9,100
At December 31, 2013:
Assets
Cash and short-term investments $ 2,600
Accounts receivable, net 9,700
Property, plant, and equipment, net 80,400
Total assets $ 92,700
Liabilities and Stockholders' Equity
Accounts payable $ 2,000
Income taxes payable 1,300
Notes payable (long term) 47,100
Paid-in capital 13,000
Retained earnings 29,300
Total liabilities and stockholders' equity $ 92,700

At December 31, 2012, total assets were $80,300 and total stockholders' equity was $34,300. There were no changes in notes payable or paid-in capital during 2013.

f-1.

Calculate the amount of dividends declared and paid during the year ended December 31, 2013. (Input your answer in thousands of dollars.)

f-2.

Review the answer from part f-1. At this time. Assume that Gerrard Construction Co. had 1,035,000 shares of $1 par value common stock outstanding throughout 2013, and that the market price per share of common stock at December 31, 2013, was $18.73. Calculate the following profitability measures for the year ended December 31, 2013:

Calculate earnings per share of common stock

(Round your answer to 2 decimal places.)

Calculate price earnings ratio

(Round your answer to 1 decimal place.)

Calculate:

Dividend Yield

Dividend Payout Ratio

(Do not round intermediate calculations and round your final answers to 1 decimal place.)

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