Determine valuation ratios including book value per share, dividend yield, and dividend payout for year2. 2012 Income

Determine valuation ratios including book value per share, dividend yield, and dividend payout for year2.

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2012 Income Statement ($Million) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid 1,850 Taxable income 985 156 829 Addition to retained earnings 244 585 605 Less: Taxes 180 Net income 1,065 80 Dividends paid Year 1 and Year 2 December 31 Balance Sheet ($Million) Year Year 2 350 370 720 550 Year I Year 2 Cash Accounts receivable Inventory Subtotal Net fixed assets 100 330 410 840 112 Accounts payable 234 Notes payable 435 Subtotal 781 Long-term debt 400 390 790 500 1,556 1,888 Owner's equity Common shares Retained earnings Subtotal 599 800 1,1061,399 550 556 Total assets 2,396 2,669 Total liabilities and equity 2,396 2,669