## Dividend Yield### Table of Financial Data| | Previous Year | Current Year ||---------------------|---------------|--------------|| **Net Income** | $50,750 | $69,600 || **Average stockholders' equity** | 1,450,000 | 2,175,000 || **Dividend per common share** | 2.76 | 2.90 || **Earnings per share** | 4.13 | 4.64 || **Market price per common share, year-end** | 19.00 | 21.00 |### Calculation of Dividend YieldCalculate the dividend yield for Evans & Sons for each year. Did the dividend yield improve?| | Numerator | Denominator | Dividend Yield ||-----------------------|-----------|-------------|----------------|| **Previous Year** | 0 | 0 | 0% || **Current Year** | 0 | 0 | 0% |The dividend payout **increased/decreased** from the previous year to the current year. (Note: Specific values for dividend yield are not provided in the table.)---**Explanation:** The table provides key financial figures for Evans & Sons over two years. The highlighted values include net income, average stockholders' equity, dividend per share, earnings per share, and market price per share. To assess the dividend yield, you would typically divide the dividend per share by the market price per share for each year. However, the table demonstrating this calculation has placeholders rather than actual values.

Dividend Yield:Dividend yield is a measure of dividend income that a shareholder can expect to…

Dividend Yield Net Income Average stockholders' equity Dividend per common share Earnings per share Market price per common share, year-end Previous Year Current Year Previous Year Current Year $69,600 $50,750 1,450,000 2,175,000 The dividend payout 2.76 4.13 19.00 Calculate the dividend yield for Evans & Sons for each year. Did the dividend yield improve? Numerator Denominator ◆ 2.90 4.64 21.00 0 0 from previous year to the current year. 0 0 Dividend Yield % %

Dividend Yield Net Income Average stockholders' equity Dividend per common share Earnings per share Market price per common share, year-end Previous Year Current Year Previous Year Current Year $69,600 $50,750 1,450,000 2,175,000 The dividend payout 2.76 4.13 19.00 Calculate the dividend yield for Evans & Sons for each year. Did the dividend yield improve? Numerator Denominator ◆ 2.90 4.64 21.00 0 0 from previous year to the current year. 0 0 Dividend Yield % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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