Refer to the financial statements for Madison Company in Exercise 16-8. In addition to the data in

Question:

Refer to the for Madison Company in Exercise 16-8. In addition to the data in these statements, assume that Madison Company paid dividends of $3.15 per share during the year. Also assume that the company’s had a market price of $63 per share on June 30 and there was no change in the number of outstanding shares of during the fiscal year.
Required:
Compute the following:
1. Earnings per share.
2. payout ratio.
3. yield ratio.
4. Price-earnings ratio.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...