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Question
The following information was taken from the financial statement of Fox Resources for December 31 of the current fiscal year:
| Common stock, $20 par value (no change during the year) | $5,000,000 |
| Preferred 10% stock, $40 par (no change during the year) | 2,000,000 |
The net income was $600,000, and the declared dividends on the common stock were $125,000 for the current year. The market price of the common stock is $20 per share.
Determine for the common stock:
a. Earnings per share
b. Price-earnings ratio
c. Dividends per share
d. Dividend yield
(Round to one decimal place except earnings per share, which should be rounded to two decimal places.)
Answer
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