During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares o putstanding remained constant at 9,560 of $100 par, 10 percent preferred stock and 397,000 shares of common stock cotal stockholders' equity is $19,900,000 at December 31, Year 3. Perez Corporation's common stock was selling at $5 he end off its fiscal vear All dividends for the vear have been paid including $4 90 per share to common stockholders
During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares o putstanding remained constant at 9,560 of $100 par, 10 percent preferred stock and 397,000 shares of common stock cotal stockholders' equity is $19,900,000 at December 31, Year 3. Perez Corporation's common stock was selling at $5 he end off its fiscal vear All dividends for the vear have been paid including $4 90 per share to common stockholders
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock
outstanding remained constant at 9,560 of $100 par, 10 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. Perez Corporation's common stock was selling at $51 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf9c49b9-ebc3-4254-9011-25d5959a8511%2F96097c7b-08db-4a91-8272-b2b4cbd1cda0%2Fhvzem_processed.png&w=3840&q=75)
Transcribed Image Text:During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock
outstanding remained constant at 9,560 of $100 par, 10 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. Perez Corporation's common stock was selling at $51 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. (Round your answer to 2 decimal places.)
b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)
c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.)
d. Compute the dividend yield. (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
times
d. Dividend yield
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf9c49b9-ebc3-4254-9011-25d5959a8511%2F96097c7b-08db-4a91-8272-b2b4cbd1cda0%2F6m75e1q_processed.png&w=3840&q=75)
Transcribed Image Text:a. Compute the earnings per share. (Round your answer to 2 decimal places.)
b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)
c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.)
d. Compute the dividend yield. (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
times
d. Dividend yield
%
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