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, Baird Corporation reported after-tax net income of $3,620,000. During the year, the number of shares of stock outstanding remained constant at 9,600 of $100 par, 9 percent preferred stock and 399,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Baird Corporation's common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 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., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times % Check my work MUNOZ COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,000 7,820 12,680 10,600 168,500 (12,200) $202,400 $ 8,390 3,960 4,900 21,780 113,100 50,270 $ 202,400 The average number of common stock shares outstanding during Year 3 was 900 shares. Net Income for the year was $15,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a a. Current ratio b. Earnings per share c. Quick (acid-test) ratio d. Retum on investment e. Return on equity f. Debt to equity ratio % %