The Clarkson Company recently reported net profits after taxes of $15.8 million. It has 2.5 mil-lion shares

Question:

The Clarkson Company recently reported net profits after taxes of $15.8 million. It has 2.5 mil-lion shares of outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share.
a. Compute the stock’s EPS.
b. What is the stock’s P/E ratio?
c. Determine what the stock’s yield would be if it paid $1.75 per share to common stockholders. 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...