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Selected financial information about Backpacking Resources, Inc., is as follows: Total assets $40,000,000 Total liabilities $16,000,000 Total preferred stock $5,000,000 Total annual preferred stock dividends

Selected financial information about Backpacking Resources, Inc., is as follows:

Total assets $40,000,000
Total liabilities $16,000,000
Total preferred stock $5,000,000
Total annual preferred stock dividends $500,000
Net profits after tax $2,500,000
Number of shares of common stock outstanding 850,000 shares
Current market price of common stock $57.00 a share
Annual common stock dividends $1.14 a share

Using the company's financial information, compute the following:

a. Dividend yield. Round the answer to two decimal places. %

b. Book value per share. Round your answer to the nearest cent. $ per share

c. Earnings per share. Round your answer to the nearest cent. $ per share

d. P/E ratio. Round the answer to two decimal places. times

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