Question: The following information was taken from the financial statements of

The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current fiscal year:
Common stock, $125 par value (no change during the year) . $12,500,000
Preferred $6 stock, $90 par (no change during the year) ..... 2,250,000
The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine
(a) The earnings per share,
(b) The price-earnings ratio,
(c) The dividends per share, and
(d) The dividend yield.


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  • CreatedFebruary 04, 2014
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