Question

During 2015, Packer Corporation reported net income after taxes of $1,200,000. During the year, the number of shares of stock outstanding remained constant at 20,000 shares of $100 par 8 percent preferred stock and 200,000 shares of common stock. The company’s total equities at December 31, 2015, were $3,500,000, which included $640,000 of liabilities. The common stock was selling for $40 per share at the end of the year. All dividends for the year were declared and paid, including $3.60 per share to common stockholders.

Required
Compute the following and round computations to two decimal points.
a. Earnings per share
b. Book value per share
c. Price-earnings ratio
d. Dividend yield



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  • CreatedFebruary 07, 2014
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