The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year:Common stock, $20 par value (no change during the year) $5,000,000Preferred 10% stock, $40 par (no change during the year) 2,000,000 The net income was $600,000, and the declared dividends on the common stock were $125,000 for the current year. The market price of the common stock is $20 per share.Calculate for the common stock:i cant figure out earnings per share, price-earnings ratio, dividends per share or dividend yield

No. of common stock = Total Value/Face value = $5,000,000/$20 = 250000 shares

Answered: The following information was taken…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year:

Common stock, $20 par value (no change during the year)		$5,000,000
Preferred 10% stock, $40 par (no change during the year)		2,000,000

The net income was $600,000, and the declared dividends on the common stock were $125,000 for the current year. The market price of the common stock is $20 per share.

Calculate for the common stock:

i cant figure out earnings per share, price-earnings ratio, dividends per share or dividend yield

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