The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $15 par value (no change during the year) $2,700,000 Preferred $4 stock, $100 par (no change during the year) 2,000,000 The net income was $656,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $24.00 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 $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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year:

Common stock, $15 par value (no change during the year) $2,700,000
Preferred $4 stock, $100 par (no change during the year) 2,000,000

The net income was $656,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $24.00 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 $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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