During Year 3, Fanning Corporation reported after-tax net income of $3,640.000. During the year, the number...

 

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During Year 3, Fanning Corporation reported after-tax net income of $3,640.000. During the year, the number of shares of stock outstanding remained constant at 9,980 of $100 par, 9 percent preferred stock and 395,000 shares of common stock. The company's total stockholders' equity is $19,800,000 at December 31, Year 3. Fanning Corporation's common stock was selling at $51 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.70 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield (Round your percentage answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share C Price-earnings ratio d. Dividend yield times % During Year 3, Fanning Corporation reported after-tax net income of $3,640.000. During the year, the number of shares of stock outstanding remained constant at 9,980 of $100 par, 9 percent preferred stock and 395,000 shares of common stock. The company's total stockholders' equity is $19,800,000 at December 31, Year 3. Fanning Corporation's common stock was selling at $51 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.70 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield (Round your percentage answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share C Price-earnings ratio d. Dividend yield times %

Answer rating: 100% (QA)

a To calculate the earnings per share we need to subtract the preferred stock dividends from the net ... View the full answer