Please provide the accurate solution to this financial accounting question using valid calculations. Financial Accounting - 4 PTSRidgeway Industries reported earnings per share ofcommon stock $15 in 2018 and paid dividends of $4 pershare. The current market price per share is $90, and thebook value per share is $65. The company's price-earnings ratio is

Concept of Earnings Per Share (EPS):Earnings per share is the portion of a company's net income…

Answered: Financial Accounting - 4 PTS Ridgeway…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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Financial Accounting - 4 PTS Ridgeway Industries reported earnings per share of common stock $15 in 2018 and paid dividends of $4 per share. The current market price per share is $90, and the book value per share is $65. The company's price- earnings ratio is