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The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par value (no change during the year) Preferred $5 stock, $200 par (no change during the year) $3,600,000 4,000,000 The net income was $676,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $27.20 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 e. Dividends per Share d. Dividend Yield
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