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Selected data for LETTUCE Company follow: Year 2 Year 1 Preference share, par value P50, 10%.. Ordinary share, par value P20.. Share premium – ordinary share.. Retained earnings . P100,000 P100,000 400,000 400,000 100,000 100,000 140,000 120,000 Net income . 80,000 60,000 Dividends on preference share Dividends on ordinary share . Market price per share, Dec 31... 10,000 10,000 50,000 40,000 28.00 21.00

Selected data for LETTUCE Company follow: Year 2 Year 1 Preference share, par value P50, 10%.. Ordinary share, par value P20.. Share premium – ordinary share.. Retained earnings . P100,000 P100,000 400,000 400,000 100,000 100,000 140,000 120,000 Net income . 80,000 60,000 Dividends on preference share Dividends on ordinary share . Market price per share, Dec 31... 10,000 10,000 50,000 40,000 28.00 21.00

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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11. Using Lettuce Company data, what is the dividend yield ratio for years 1 and 2 respectively?
 
a. 0.10; 0.090
b. 0.80; 0.09
c. 0.95; 0.05
d. 0.85; 0.089
Selected data for LETTUCE Company follow: Year 2 Year 1 Preference share, par value P50, 10%.. Ordinary share, par value P20.. Share premium - ordinary share.. Retained earning. P100,000 P100,000 . 400,000 400,000 100,000 100,000 140,000 120,000 60,000 10,000 Net income . 80,000 Dividends on preference share Dividends on ordinary share Market price per share, Dec 31.. 10,000 50,000 40,000 28.00 21.00
Transcribed Image Text:Selected data for LETTUCE Company follow: Year 2 Year 1 Preference share, par value P50, 10%.. Ordinary share, par value P20.. Share premium - ordinary share.. Retained earning. P100,000 P100,000 . 400,000 400,000 100,000 100,000 140,000 120,000 60,000 10,000 Net income . 80,000 Dividends on preference share Dividends on ordinary share Market price per share, Dec 31.. 10,000 50,000 40,000 28.00 21.00
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