EX 17-21 The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par (no change during the year) Preferred $4 stock, $40 par (no change during the year) $10,000,000 2,500,000 The net income was $1,750,000, and the declared dividends on the common stock $1,125,000 for the current year. The market price of the common stock is $45 per shar 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. Round ratios and percent
EX 17-21 The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par (no change during the year) Preferred $4 stock, $40 par (no change during the year) $10,000,000 2,500,000 The net income was $1,750,000, and the declared dividends on the common stock $1,125,000 for the current year. The market price of the common stock is $45 per shar 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. Round ratios and percent
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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EX 17-21
Transcribed Image Text:EX 17-21
The following information was taken from the financial statements of Tolbert Inc. for
December 31 of the current fiscal year:
Common stock, $20 par (no change during the year)
Preferred $4 stock, $40 par (no change during the year)
$10,000,000
2,500,000
The net income was $1,750,000, and the declared dividends on the common stock
$1,125,000 for the current year. The market price of the common stock is $45 per shar
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. Round ratios and percent
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