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14-8 Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the...

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Accounting

14-8 Earnings per Share, Price-Earnings Ratio, Dividend Yield

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:

Common stock, $40 par value (no change during the year) $12,000,000
Preferred $4 stock, $200 par (no change during the year) 8,000,000

The net income was $760,000 and the declared dividends on the common stock were $75,000 for the current year. The market price of the common stock is $17.00 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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