Question
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $35 par value
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $35 par value (no change during the year) $8,750,000 Preferred $10 stock, $200 par (no change during the year) 6,000,000 The net income was $800,000 and the declared dividends on the common stock were $62,500 for the current year. The market price of the common stock is $16.00 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.
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