During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,580 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Jordan Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders. a. Compute the earnings per share. Note: Round your answer to 2 decimal places. b. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. c. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. d. Compute the dividend yield. Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45). a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of
stock outstanding remained constant at 9,580 of $100 par, 9 percent preferred stock and 397,000 shares of common stock.
The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Jordan Corporation's common stock was
selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to
common stockholders.
a. Compute the earnings per share.
Note: Round your answer to 2 decimal places.
b. Compute the book value per share of common stock.
Note: Round your answer to 2 decimal places.
c. Compute the price-earnings ratio.
Note: Round intermediate calculations and final answer to 2 decimal places.
d. Compute the dividend yield.
Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45).
a. Earnings per share
b. Book value per share
c. Price-earnings ratio
d. Dividend yield
times
%
Transcribed Image Text:During Year 3, Jordan Corporation reported after-tax net income of $3,565,000. During the year, the number of shares of stock outstanding remained constant at 9,580 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Jordan Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders. a. Compute the earnings per share. Note: Round your answer to 2 decimal places. b. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. c. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. d. Compute the dividend yield. Note: Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45). a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield times %
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