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Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end
Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Net income for the year was $30,000. The stock price is currently $22.29 per share. 2-a. Compute the dividend yield ratio. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) 2-b. Determine the number of shares of stock that received dividends
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