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The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year: Common stock, $45 par value
The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year:
Common stock, $45 par value (no change during the year) | $8,100,000 |
Preferred $8 stock, $100 par (no change during the year) | 2,000,000 |
The net income was $376,000, and the declared dividends on the common stock were $275,400 for the current year. The market price of the common stock is $45 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.
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