The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of

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The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current 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,

d) The dividend yield.

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Posted Date: Oct 10, 2018 02:45 AM

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The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of

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