The balance sheet for Shryer Industries Inc. at the end of 20Y9 indicated the following: Bonds payable,

Question:

The for Shryer Industries Inc. at the end of 20Y9 indicated the following:
Bonds payable, 5% (due in 30 years) .............................. $ 8,000,000
Preferred $4 stock, $75 par ........................................... 15,000,000
Common stock, $7 par ................................................ 3,500,000
Income before income tax was $3,400,000, and income taxes were $1,000,000 for the current year. Cash dividends paid on during the current year totaled $100,000. The was selling for $8 per share at the end of the year. Determine each of the following:
(a) times interest earned,
(b) times preferred dividends earned,
(c) earnings per share on common stock,
(d) price-earnings ratio,
(e) dividends per share of common stock, and
(f) yield. Round to one decimal place except earnings per share and dividends per share, which should be rounded to the nearest cent.
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