The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following:

Income before income tax expense was $5,280,000 and income taxes were $1,305,000 for the current year. Cash dividends paid on the common stock during the current year totaled $1,950,000. The common stock was selling for $53.90 per share at the end of the year. 

Determine each of the following: 

(a) Times interest earned ratio

(b) Earnings per share on common stock 

(c) Price-earnings ratio

(d) Dividends per share of common stock

(e) Dividend yield. Round ratios and percentages to one decimal place, except for per-share amounts.

Transcribed Image Text:

Bonds payable, 8% Preferred $4 stock, $50 par Common stock, $10 par $7,500,000 3,750,000 7,500,000