Recent financial statements for Madison Company are given below. Account balances at the beginning of the companys fiscal year were accounts receivable, $372,000, and inventory, $438,000. All sales were on account.

MADISON COMPANY Balance Sheet June 30
Assets
Current assets:
Cash				$	32,000
Accounts receivable, net					253,000
Merchandise inventory					462,000
Prepaid expenses					6,000
Total current assets					753,000
Property and equipment, net					827,000
Total assets				$	1,580,000
Liabilities and Shareholders Equity
Liabilities:
Current liabilities				$	300,000
Bonds payable, 10%					280,000
Total liabilities					580,000
Shareholders equity:
Common shares, 20,000	$	100,000
Retained earnings		900,000
Total shareholders equity					1,000,000
Total liabilities and shareholders equity				$	1,580,000

MADISON COMPANY Income Statement For the Year Ended June 30
Sales	$	3,750,000
Cost of goods sold		2,250,000
Gross margin		1,500,000
Selling and administrative expenses		1,180,000
Operating income		320,000
Interest expense		28,000
Net income before taxes		292,000
Income taxes		87,600
Net income	$	204,400

Assume that Madison Company paid dividends of $3.92 per share during the year. Also assume that the companys common shares had a market price of $98.00 per share on June 30 and there was no change in the number of outstanding common shares during the fiscal year.

Required:

Compute the following:

1. Earnings per share. (Round your answer to 2 decimal places.)

2. Dividend payout ratio. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.)

3. Dividend yield ratio.

4. Priceearnings ratio. (Do not round intermediate calculations. Round your answer to 3 decimal places.)