Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please i want someone help me answering this question very carefully. Earnings Per Share, Price-Earnings Ratio, Dividend Yield. The following information was taken from the

image text in transcribedPlease i want someone help me answering this question very carefully.

Earnings Per Share, Price-Earnings Ratio, Dividend Yield. The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current year: Common stock, $50 par value (no change during the year) $8,000,000 Preferred $4 stock, $200 par (no change during the year) 4,000,000 The net income was $400,000, and the declared dividends on the common stock were $160,000 for the current year. The market price of the common stock is $50 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. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent. 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Management System Auditors Handbook

Authors: Joe Kausek

1st Edition

087389670X, 978-0873896702

More Books

Students also viewed these Accounting questions

Question

1. Define the nature of interviews

Answered: 1 week ago

Question

2. Outline the different types of interviews

Answered: 1 week ago