Recher Corporation's common stock has a par value of $3 per share and has been stable at
Question:
Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.
1. The company's earnings per share is closest to:
2. The company's price-earnings ratio is closest to:
3. The company's dividend payout ratio is closest to:
4. The company's dividend yield ratio is closest to:
5. The company's book value per share at the end of the year is closest to:
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi