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Selected financial information about Backpacking Resources, Inc., is as follows: Total assets $50,000,000 Total liabilities $15,000,000 Total preferred stock $3,500,000 Total annual preferred stock dividends
Selected financial information about Backpacking Resources, Inc., is as follows:
Total assets | $50,000,000 |
Total liabilities | $15,000,000 |
Total preferred stock | $3,500,000 |
Total annual preferred stock dividends | $245,000 |
Net profits after tax | $2,500,000 |
Number of shares of common stock outstanding | 2,200,000 shares |
Current market price of common stock | $53.00 a share |
Annual common stock dividends | $2.65 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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