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QUESTION 2 The following information was taken from the financial statement of Fine Resources for December 31 of the current fiscal year: Ordinary shares, RM20
QUESTION 2 The following information was taken from the financial statement of Fine Resources for December 31 of the current fiscal year: Ordinary shares, RM20 par value (no change during the year) Preferred 10% stock, RM40 par (no change during the year) RM5,000,000 2,000,000 The net income was RM600,000, and the declared dividends on the ordinary shares were RM125,000 for the current year, The market price of the ordinary shares is RM20 per share. Required: Calculate for the ordinary shares related to: (a) earnings per share (b) the price-earnings ratio (c) the dividends per share and the dividend yield
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