Question
Please Help The Stockholders' Equity section of the balance sheet for Obregon, Inc. at the end of 2014 appears as follows: 8%, $100 par, cumulative
Please Help
The Stockholders' Equity section of the balance sheet for Obregon, Inc. at the end of 2014 appears as follows:
8%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding $5,000,000
Additional paid-in capital on preferred $2,500,000
Common stock, $5 par, 500,000 shares authorized, 400,000 shares issued and outstanding $2,000,000
Additional paid-in capital on common $18,000,000
Retained earnings $37,500,000
Total stockholders' equity $65,000,000
Net income for the year was $1,395,000. Dividends were declared and paid on the preferred shares during the year, and a quarterly dividend of $0.50 per share was declared and paid each quarter on the common shares. The closing market price for the common shares on December 31, 2014, was $24.35 per share.
Compute:
Earnings per share
Price/Earnings Ratio
Divdend Payout Ratio
Dividend Yeild Ratio
Thank you
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