The following information was taken from the financial statements of Tolbert Inc. for December 31 of...
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The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $15 par value (no change during the year) $1,950,000 Preferred $5 stock, $200 par (no change during the year) 4,000,000 The net income was $386,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is $18.70 per share. For the common stock, determine (a) the earnings per share, (b) the price-eargings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share %$4 b. Price-Earnings Ratio c. Dividends per Share %24 d. Dividend Yield % The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $15 par value (no change during the year) $1,950,000 Preferred $5 stock, $200 par (no change during the year) 4,000,000 The net income was $386,000 and the declared dividends on the common stock were $32,500 for the current year. The market price of the common stock is $18.70 per share. For the common stock, determine (a) the earnings per share, (b) the price-eargings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share %$4 b. Price-Earnings Ratio c. Dividends per Share %24 d. Dividend Yield %
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Solution Breersead duvideds Net income 9 Earengs por share sheres outstaneling yoo0000X 5 386... View the full answer
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Posted Date:
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