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The following selected data is from the financial statements of the Company for December 31, 2019, 2018, and 2017: 12-31-2019 12-31-2018 12-31-2017 Total Assets 3,000,000

The following selected data is from the financial statements of the Company for December 31, 2019, 2018, and 2017:

12-31-2019 12-31-2018 12-31-2017
Total Assets 3,000,000 5,450,000 6,000,000
Notes Payable (9% interest) 4,500,000 2,350,000 1,800,000
Common Stock 750,000 820,000 1,365,000
Preferred $7 stock, $20 par value 100,000 350,000 2,500,000
Retained Earnings 6,550,000 7,330,000 1,650,000

Income before income tax was $1,650,000 and income taxes were $500,000, for the current year. Cash dividends paid on the common stock during the current year totaled $390,000. The common stock was selling for $22 per share at the end of the year. Find: each of the following:

a. Earnings per share on common stock b. Price-earnings ratio c. The number of times interest charges are earned d. Dividends per share of common stock; and e. Dividend yield.

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