Income Statement For the year ended December 31, 2010 Balance Sheet Dec 31, 2009 Cash $2,500 Accounts receivable 6,000 Inventories 8,500 $100,000 70,000 30,000 2010 $4,000 7000 9,000 5 Sales (credit) Less. Cost of goods sold Gross profit Less: Operating expenses Less Depreciation EBIT Less. Interest expense EBT Less Taxes Net Income Total common shares outstanding Market price Dividend paid 16,000 1,000 13,000 500 12,500 1.900 $10,600 Land other fixed assets Accumulated depreciation Total assets 7,000 15,000 (5.000) $34,000 7,000 15,500 (6,000) $36,500 Accounts payable Bonds $4,000 6,000 $5,000 6,500 10,000 4.00 9,600 Common stock Retained earnings Total Liabilities & Equity 15,000 9,000 $34,000 15,000 10,000 $36,500 Calculate dividend yield for the company for 2010 using information from the above financial statements