Question: g Problem: Module 4 Textbook Problem 9 Learning Objective: 4-5 Calculate ratios for assessing a company's position in the stock market During Year 3, Vernon

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g Problem: Module 4 Textbook Problem 9 Learning Objective: 4-5 Calculate ratios

Problem: Module 4 Textbook Problem 9 Learning Objective: 4-5 Calculate ratios for assessing a company's position in the stock market During Year 3, Vernon Corporation reported after-tax net income of $3,645,000. During the year, the number of shares of stock outstanding remained constant at 9,520 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,600,000 at December 31, Year 3. Vernon Corporation's common stock was selling at $55 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.60 per share to common stockholders Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round Intermediate calculations and finat answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places. (i.c., 0.2345 should be entered as 23.45).) Answer is not complete. 5 8.94 b Earnings per share Book valo por share Price-camins ratio Dividend yold imes d

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