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Leflore Corporation has provided the following data: Year 1 $ 500,000 $1,010,000 Common stock, $5 par value Total stockholders' equity Net operating income Net income
Leflore Corporation has provided the following data: Year 1 $ 500,000 $1,010,000 Common stock, $5 par value Total stockholders' equity Net operating income Net income before taxes Net income Year 2 $ 500,000 $1,016,000 $ 35,143 17,143 $ 12,000 Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
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