Question
Sehrt Corporation has provided the following financial data: Year 2 Year 1 Common stock, $3 par value $ 300,000 $ 300,000 Total stockholders' equity $
- Sehrt Corporation has provided the following financial data:
|
| Year 2 | Year 1 | ||||||
| Common stock, $3 par value | $ | 300,000 |
| $ | 300,000 |
|
| |
| Total stockholders' equity | $ | 803,000 |
| $ | 770,000 |
|
| |
The company's net income for Year 2 was $44,000. Dividends on common stock during Year 2 totaled $11,000. The market price of common stock at the end of Year 2 was $6.29 per share.
Required:
a. What is the company's earnings per share for Year 2?
b. What is the company's price-earnings ratio for Year 2?
c. What is the company's dividend payout ratio for Year 2?
d. What is the company's dividend yield ratio for Year 2?
e. What is the company's book value per share at the end of Year 2?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started