rnings 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, $35 par value (no change during the year) $9,100,000 Preferred $8 stock, $200 par (no change during the year) 6,000,000 The net income was $760,000 and the declared dividends on the common stock were $65,000 for the current year. The market price of the common stock is $14.00 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   %

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
Problem 21E
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rnings 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, $35 par value (no change during the year) $9,100,000
Preferred $8 stock, $200 par (no change during the year) 6,000,000

The net income was $760,000 and the declared dividends on the common stock were $65,000 for the current year. The market price of the common stock is $14.00 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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