The Rexrode Company reported earnings per share of common stock $12 in 2009 and paid dividends of $3 per share. The current market price per share is $72 and the book value per share is $54. The company s price- earnings ratio is

The Rexrode Company reported earnings per share of common stock $12 in 2009 and paid dividends of $3 per share. The current market price per share is $72 and the book value per share is $54. The company s price- earnings ratio is

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Hi expert please give me answer general accounting

The Rexrode Company reported earnings per share of
common stock $12 in 2009 and paid dividends of $3 per
share. The current market price per share is $72 and the
book value per share is $54. The company s price-
earnings ratio is

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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