Determine Earnings per share, price-earnings ratio, dividend yield The following information was taken from the financial statements

Fantastic news! We've Found the answer you've been seeking!

Question:

Determine

Earnings per share, price-earnings ratio, dividend yield

The following information was taken from the financial statements of Tolbert Inc. as of December 31 of this fiscal year:

Common stock, $30 par value (no change during the year)	$4,800,000
$4 Preferred Stock, $200 at par (no change during the year)	4,000,000

Net income was $560,000 and declared dividends on common stock were $40,000 for the current year. The market price of the common stock is $21.00 per share.

For common stocks, determine (a) earnings per share, (b) price-earnings ratio, (c) dividends per share, and (d) dividend yield. If necessary, round your answers to two decimal places.