Question

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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