Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) Preferred $8 stock, $100 par (no change during the year) $6,500,000 2,000,000 The net income was $498,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is $22.10 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
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $50 par value (no change during the year) Preferred $8 stock, $100 par (no change during the year) $6,500,000 2,000,000 The net income was $498,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is $22.10 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Earnings per Share, Price-Earnings Ratio, Dividend Yield
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:
Common stock, $50 par value (no change during the year)
Preferred $8 stock, $100 par (no change during the year)
$6,500,000
2,000,000
The net income was $498,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is
$22.10 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
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