Concord Inc. had net income for 2020 of $5,900,000. The company had 2,040,000 of common...
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Concord Inc. had net income for 2020 of $5,900,000. The company had 2,040,000 of common shares outstanding throughout the year. During 2020, Concord paid dividends on the common shares of $0.08 per share. Average common shareholder equity was $28,560,000, and the market value of the shares on December 31, 2020 was $22 per share. Concord Inc. also had 84,000 shares outstanding of cumulative, $5, no-par value preferred shares. The shares were outstanding for the full year, and dividends had been kept current for the past several years. Calculate the following ratios for Concord Inc.: (Round answers to 2 decimal places, e.g. 25.15 or 25.15%. Round earnings per share to 3 decimal places for intermediate calculations, e.g. 1.253.)
| (a) | Rate of return on common shareholders equity | % | |||
| (b) | Payout ratio | % | |||
| (c) | Price earnings ratio | times | |||
| (d) | Book value per share | $ | per share |
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