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, $50 par value (no change during the year) $7,500,000 2,000,000 Preferred $8 stock, $100 par (no change during the year) The net income was $550,000 and the declared dividends on the common stock were $37,500 for the current year. The market price of the common stock is $19.50 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share $ b. Price-Earnings Ratio c. Dividends per Share $ 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, $50 par value (no change during the year) $7,500,000 2,000,000 Preferred $8 stock, $100 par (no change during the year) The net income was $550,000 and the declared dividends on the common stock were $37,500 for the current year. The market price of the common stock is $19.50 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share $ b. Price-Earnings Ratio c. Dividends per Share $ d. Dividend Yield %

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