Question
I DONT HAVE ANY EXTRA INFORMATION!! THIS IS ALL THE HOMEWORK GIVES ME The following information was taken from the financial statements of Tolbert Inc.
I DONT HAVE ANY EXTRA INFORMATION!! THIS IS ALL THE HOMEWORK GIVES ME
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
Common stock, $25 par value (no change during the year) | $7,250,000 |
Preferred $8 stock, $200 par (no change during the year) | 8,000,000 |
The net income was $1,190,000 and the declared dividends on the common stock were $72,500 for the current year. The market price of the common stock is $24.00 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places.
a. Earnings per Share | $ | |
b. Price-Earnings Ratio | ||
c. Dividends per Share | $ | |
d. Dividend Yield | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started