The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par value (no change during the year) $2,800,000 Preferred $10 stock, $100 par (no change during the year) 2,000,000 The net income was $396,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $10.50 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 $fill in the blank 1 b. Price-Earnings Ratio fill in the blank 2 c. Dividends per Share $fill in the blank 3 d. Dividend Yield fill in the blank 4 %
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par value (no change during the year) $2,800,000 Preferred $10 stock, $100 par (no change during the year) 2,000,000 The net income was $396,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $10.50 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 $fill in the blank 1 b. Price-Earnings Ratio fill in the blank 2 c. Dividends per Share $fill in the blank 3 d. Dividend Yield fill in the blank 4 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Earnings 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, $20 par value (no change during the year) | $2,800,000 |
| 2,000,000 |
The net income was $396,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $10.50 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 | $fill in the blank 1 | |
| b. Price-Earnings Ratio | fill in the blank 2 | |
| c. Dividends per Share | $fill in the blank 3 | |
| d. Dividend Yield | fill in the blank 4 | % |
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