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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, $30 par value
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
Common stock, $30 par value (no change during the year) | $7,500,000 |
Preferred $4 stock, $200 par (no change during the year) | 6,000,000 |
The net income was $420,000 and the declared dividends on the common stock were $62,500 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 | $fill in the blank 1 | |
b. Price-Earnings Ratio | fill in the blank 2 | |
c. Dividends per Share | $fill in the blank 3 | |
d. Dividend Yield | fill in the blank 4 | % |
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