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v2.cengagenow.com/Im/takeAssig takeAssignmentMain.doinvoker= assignments&takeAssignmentSession; Locator= assignment-take&inprogress;= false HOMEWORK 15 Show Me How Calculator Print Item eBook Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current fiscal year: Common stock, $25 par value (no change during the year) Preferred $8 stock, $200 par (no change during the year) The net income was $824,000 and the declared dividends on the common stock were $86,800 for the current year. The market price of the common stock is $15.3 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 $7,000,000 8,000,000 Screenshot saved The screenshot was added to your Check My Work 3-02 PM O Type here to search

Explanation / Answer

a Book value of common stock $    7,000,000.00 b Per common stock $ 25.00 c No of common stock (a/b)            280,000.00 d Net Income $        824,000.00 e Preference dividend $        320,000.00 f Net income for equity share holders $        504,000.00 g Earning per share (f/c) $ 1.80 h Market price $ 15.30 i Price-earning ratio (h/g) $ 8.50 j Dividend decleared $          86,800.00 k Dividend per share (j/c) $ 0.31 l Dividend Yeild (k/h) 2.03%

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