Financial Accounting Oceanic Technologies has the following stock listing:Price per share: $58.2552-week range: $50 to $60Average earnings per share (EPS): $4.00Dividend per share: $1.75(a) What is the P/E ratio to the nearest whole number?(b) What is the dividend yield to the nearest hundredth?

Step 1: Define Dividend YieldThe Dividend Yield is a financial ratio that shows the annual dividend…

Answered: Oceanic Technologies has the following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

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Oceanic Technologies has the following stock listing: Price per share: $58.25 52-week range: $50 to $60 Average earnings per share (EPS): $4.00 Dividend per share: $1.75 (a) What is the P/E ratio to the nearest whole number? (b) What is the dividend yield to the nearest hundredth?