Question
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $15 par value
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
| Common stock, $15 par value (no change during the year) | $4,350,000 |
| Preferred $4 stock, $200 par (no change during the year) | 8,000,000 |
The net income was $508,000 and the declared dividends on the common stock were $72,500 for the current year. The market price of the common stock is $9.00 per share.
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places.
| a. Earnings per Share | $ | |
| b. Price-Earnings Ratio | ||
| c. Dividends per Share | $ | |
| d. Dividend Yield | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Internal Audit Handbook Management With The SAP Audit Roadmap
Authors: Henning Kagermann, William Kinney, Karlheinz Küting, Claus-Peter Weber, Z. Keil, C. Boecker, J. Busch, O. Bussiek, M. H. Christ, P. Eckes, M. Falk, P. S. Greenberg, B. Reichert, M. Wolf
2008th Edition
3642430392, 978-3642430398
