Use the data in P13-5 for Prince Company. Assume that the stock price per share is $28

Question:

Use the data in P13-5 for Prince Company. Assume that the stock price per share is $28 and that dividends in the amount of $3.50 per share were paid during Year 2. Compute the following ratios:
• Earnings per share
• Current ratio
• Quick ratio
• Cash ratio
• Price/earnings ratio
• yield ratio
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...