Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) Preferred $4 stock, $200 par (no change during the year) The net income was $1,056,000 and the declared dividends on the common stock were $70,000 for the current year. The market price common stock is $27.20 per share. $14,000,000 8,000,000 For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the divid yield. If required, round your answers to two decimal places.
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) Preferred $4 stock, $200 par (no change during the year) The net income was $1,056,000 and the declared dividends on the common stock were $70,000 for the current year. The market price common stock is $27.20 per share. $14,000,000 8,000,000 For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the divid yield. If required, round your answers to two decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Rakesh
Transcribed Image Text:Earnings per Share, Price-Earnings Ratio, Dividend Yield
The following information was taken from the financial statements of Zell Inc. for December 31 of the current fiscal year:
Common stock, $50 par value (no change during the year)
$14,000,000
Preferred $4 stock, $200 par (no change during the year)
8,000,000
The net income was $1,056,000 and the declared dividends on the common stock were $70,000 for the current year. The market price of the
common stock is $27.20 per share..
For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend
yield. If required, round your answers to two decimal places.
a. Earnings per Share
b. Price-Earnings Ratio
c. Dividends per Share
d. Dividend Yield
%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education