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The balance sheet for the Polar Corporation the end of the current fiscal year indicated...

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Accounting

The balance sheet for the Polar Corporation the end of the current fiscal year indicated the following:
Bonds payable, 6%(issued in 2020, due in 2030) $ 8,000,000
Preferred 5% stock, $50 par 2,500,000
Common stock, $1 par 6,000,000
Income before income tax was $10,800,000 and income taxes were $1,200,000, for the current year. Cash dividends paid on common stock during the current year totaled $2,250,000. The common stock was selling for $55 per share at the end of the year.
Required: Determine each of the following:
(1) Number of times interest charges are earned;
(2) Earnings per share on common stock;
(3) Price-earnings ratio;
(4) Dividends per share of common stock; and
(5) Dividend yield.
Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.

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