During Year 3, Zachary Corporation reported after-tax net income of $3,595,000. During the year, the number of shares of stock outstanding remained constant at 9,660 of $100 par, 8 percent preferred stock and 400,000 shares of common stock. The company’s total stockholders’ equity is $19,700,000 at December 31, Year 3. Zachary Corporation’s common stock was selling at $54 per share at the end of its fiscal year. All dividends for the year have been paid, including $5.00 per share to common stockholders. Required 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 %
During Year 3, Zachary Corporation reported after-tax net income of $3,595,000. During the year, the number of shares of stock outstanding remained constant at 9,660 of $100 par, 8 percent
Required
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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