OBJECTIVE $5$ Cornerstone Exercise $16-21$ Computing Earnings per Share

CORNERSTONE $16\mathrm{.}11$ Refer to the information for Somerville Company on the previous page.

Required:

Note: Round answers to two decimal places.

Compute the dollar amount of preferred dividends.

Compute the number of common shares.

Compute earnings per share.

OBJECTIVE $5$ Cornerstone Exercise $16-22$ Computing the Price$-$Earnings Ratio

CORNERSTONE $16\mathrm{.}12$ Refer to the information for Somerville Company on the previous page. Also, assume that the

price per common share for Somerville is $$8\mathrm{.}10.$

Required:

Compute the price$-$earnings ratio. $($Note: Round the answer to two decimal places.$)$

OBJECTIVE $5$ Cornerstone Exercise $16-23$ Computing the Dividend Yield and the Dividend Payout Ratio

CORNERSTONE $16\mathrm{.}13$ Refer to the information for Somerville Company on the previous page. Also, assume that the

market price per common share is $$8\mathrm{.}10.$

Required:

Note: Round answers to four decimal places.

Compute the dividends per share.

Compute the dividend yield.

Compute the dividend payout ratio.