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The following information was available for the year ended December 31, 2016: Sales $ 440,000 Net income 63,360 Average total assets 740,000 Average total stockholders'
The following information was available for the year ended December 31, 2016:
Sales | $ | 440,000 | |
Net income | 63,360 | ||
Average total assets | 740,000 | ||
Average total stockholders' equity | 360,000 | ||
Dividends per share | 1.32 | ||
Earnings per share | 3.00 | ||
Market price per share at year-end | 27.30 | ||
Calculate the dividend yield for 2016
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