Question: The following information was taken from the financial statements of 119869

The following information was taken from the financial statements of Fashion Cosmetics, Inc., for December 31 of the current fiscal year:
Common stock, $12 par value (no change during the year) .....$2,400,000
Preferred $9 stock, $100 par, cumulative, nonparticipating
(no change during year) ....................600,000
The net income was $444,000 and the declared dividends on the common stock were $156,000 for the current year. The market price of the common stock is $39 per share. For the common stock, determine the (a) earnings per share, (b) price-earnings ratio, (c) dividends per share, and (d) dividend yield. Round to two decimal places.




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  • CreatedMay 29, 2012
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