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) $4,000,000 Preferred $4 stock, $100 par (no change during the year) 3,000,000 The net income was $440,000 and the dedlared dividends on the common stock were $50,000 for the current year. The market price of the common stock is $13.60 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 Shane b. Price-Earnings Ratio c. Dividends per Share 0.25 d. Dividend Yield eedbaok a Divide net income minus preferred dividends (Preterred stock- p par value) x dividend per preferred sare] by common shares outstanding (common stock par value) b. Divise common market share price by common earninge per share (rom requirement a). c. Divide common dividends by common shares outstanding (common stock par vaue) d Divide common dividends per share (from requrement c) by mariket share price Learning Objective 5