Eclipse Holdings earns $6.50 per share. Its stock currently trades at $91.00 and it pays an annual dividend of $2.10. (a) What is the Price-Earnings (P/E) ratio (nearest whole number)? (b) What is the yield on the stock (to the nearest tenth percent)?

Eclipse Holdings earns $6.50 per share. Its stock currently trades at $91.00 and it pays an annual dividend of $2.10. (a) What is the Price-Earnings (P/E) ratio (nearest whole number)? (b) What is the yield on the stock (to the nearest tenth percent)?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

100%

I need help with this financial accounting problem using proper accounting guidelines.

Eclipse Holdings earns $6.50 per share. Its stock currently
trades at $91.00 and it pays an annual dividend of $2.10.
(a) What is the Price-Earnings (P/E) ratio (nearest whole
number)?
(b) What is the yield on the stock (to the nearest tenth
percent)?

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