Problem: Module $4$ Textbook Problem $9$

Learning Objective: $4-5$ Calculate ratios for assessing a company's position in the stock market

During Year $3,$ Rooney Corporation reported after$-$tax net income of $$3,550,000.$ During the year, the number of shares of stock outstanding remained constant at $9,540$ of $$100$ par, $10$ percent preferred stock and $397,000$ shares of common stock. The company's total stockholders' equity is $$19,600,000$ at December $31,$ Year $3.$ Rooney Corporation's common stock was selling at $$51$ per share at the end of its fiscal year. All dividends for the year have been paid, including $$5\mathrm{.}00$ per share to common stockholders.

Required

a$.$ Compute the earnings per share. $($Round your answer to $2$ decimal places.$)$

b$.$ Compute the book value per share of common stock. $($Round your answer to $2$ decimal places.$)$

c$.$ Compute the price$-$earnings ratio. $($Round intermediate calculations and final answer to $2$ decimal places.$)$

d$.$ Compute the dividend yield. $($Round your percentage answer to $2$ decimal places. $($i$.$e$.,0\mathrm{.}2345$ should be entered as $23\mathrm{.}45).)$

$\backslash$table$[[,,],[$a$.,$Earnings per share,,$],[$b$.,$Book value per share,,times$],[$c$.,$Price$-$earnings ratio,,$\%$