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Use the following information to answer questions 21-24 Thunder Road Corp supplies parts for race cars. Its current market price is $80 per share, but

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Use the following information to answer questions 21-24 Thunder Road Corp supplies parts for race cars. Its current market price is $80 per share, but was $100 per share last month. Its latest annual report shows net income of $ 4,450 and total common stock of $30,000. The annual report also lists 3,500 shares of common stock outstanding, $3,500 in retained earnings, and the annual cash dividend of $8.00 per share. Using the information, calculate: 21. Earnings per share A. $1.27 B. $1.30 C. $7.00 E. None are correct D. $1.00 22. Current Price Earnings ratio A. 71 B. 63 C. 79 E. None are correct D. 53 23. Book value per share A. $ 1.27 B. $8.57 C. $ 9.57 E. None are correct D.$1.00 24. Dividend yield A. 8% B.10% E. None are correct C. 12% D.15% 25. Dividend payout ratio, assuming Earnings per share are $20 A. 10% B. 15% C. 20% D. 40% E. none are correct

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