Required Calculate the following ratios for Year 4. When data limitations prohibit computing averages, use year-end balances in your calculations. (Round your answers to 2 decimal places.)

Dividend yield on common stock?

FANNING COMPANY Balance Sheets As of December 31 Assets Year 4 Year 3 Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10,5% cumulative, non-participating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $18,500 & $14,500 \\ 20,500 & 6,500 \\ 46,000 & 38,000 \\ 131,000 & 139,000 \\ 25,000 & 10,000 \\ \hline 241,000 & 208,000 \\ 32,000 & 25,000 \\ 280,000 & 265,000 \\ 31,000 & 26,000 \\ \hline$584,000 & $524,000 \\ \hline \hline \end{tabular} \begin{tabular}{rr} $19,200 & $8,100 \\ 78,800 & 65,000 \\ 26,000 & 20,000 \\ \hline 124,000 & 93,100 \\ \hline \hline 150,000 & 150,000 \\ 29,000 & 24,000 \\ \hline 179,000 & 174,000 \\ \hline 303,000 & 267,100 \\ \hline \hline \end{tabular} \begin{tabular}{rr} 80,000 & 80,000 \\ 80,000 & 80,000 \\ 121,000 & 96,900 \\ \hline 281,000 & 256,900 \\ \hline$584,000 & $524,000 \\ \hline \hline \end{tabular}