McGraw-Hill Connect mework Chapter 11 i 9 Saved Help Save & Exit Submit Check my work rt 2 of 21 27 ints eBook Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($16 par value; 104,000 shares authorized, 35,000 shares issued, 31,000 shares outstanding) $560,000 Additional paid-in capital 167,000 Print Dividends declared and paid during the year 15,000 References Retained earnings at the beginning of the year Treasury stock at cost (4,000 shares) 69,000 (30,000) Net income for the year was $33,000. The stock price is currently $23.89 per share. 2-a. Compute the dividend yield ratio. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)' Dividend yield ratio %