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, Solomon Corporation reported after-tax net income of $3,575,000. During the year, the number of shares of stock outstanding remained constant at 9,540 of $100 par, 10 percent preferred stock and 400,000 shares of common stock. The company's total stockholders' equity is $19,800,000 at December 31, Year 3. Solomon Corporation's common stock was selling at $51 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 final answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share c. Price-earnings ratio d. Dividend yield $ 8.40 times %