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  1. business
  2. accounting
  3. 7.) during year 3, finch corporation reported

7.) During Year 3, Finch Corporation reported after-tax net income of...

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Accounting

7.)
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During Year 3, Finch Corporation reported after-tax net income of $3,605,000. During the year, the number of shares of stock outstanding remained constant at 9.700 of $100 par, 10 percent preferred stock and 399,000 shares of common stock. The company's total stockholders' equity is $19,700,000 at December 31, Year 3. Finch Corporation's common stock was seling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.60 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places (.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share c. Price-camings ratio d. Dividend yield times %

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