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Selected financial information about Backpacking Resources, Inc., is as follows: Total assets $20,000,000 Total liabilities $8,000,000 Total preferred stock $3,000,000 Total annual preferred stock dividends
Selected financial information about Backpacking Resources, Inc., is as follows:
Total assets | $20,000,000 |
Total liabilities | $8,000,000 |
Total preferred stock | $3,000,000 |
Total annual preferred stock dividends | $210,000 |
Net profits after tax | $1,000,000 |
Number of shares of common stock outstanding | 400,000 shares |
Current market price of common stock | $57.00 a share |
Annual common stock dividends | $2.28 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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