Learning Objectives Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $10 par value (no change during the year) $2,900,000 Preferred $8 stock, $200 par (no change during the year) 8,000,000 The net income was $900,000 and the dedared dividends on the common stock were $72,500 for the current year. The market price of the common stock is $16.00 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividendes per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share b. Price Earnings Ratio