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The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year: Common stock, $20 par
The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year: Common stock, $20 par value (no change during the year) $5,000,000 Preferred 10% stock, $40 par (no change during the year) 2,000,000 The net income was $600,000, and the declared dividends on the common stock were $125,000 for the current year. The market price of the common stock is $20 per share. Compute for common stock: (a) earnings per share, (b) price-earnings ratio, (c) dividends per share, (d) and dividend yield. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent. a. Earnings per share b. Price-earnings ratio C. Dividends per share d. Dividend yield %
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