Compute and evaluate the dividend yield ratio

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Reference no: EM131188517

The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($20 par value; 115,000 shares authorized, 43,000 shares issued, 37,000 shares outstanding) $ 860,000 Additional paid-in capital 170,000 Dividends declared and paid during the year 11,000 Retained earnings at the beginning of the year 71,000 Treasury stock at cost (6,000 shares) (25,000 ) ________________________________________ Net income for the year was $47,000. The stock price is currently $24.09 per share. 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year 2. Compute and evaluate the dividend yield ratio. 3. Determine the number of shares of stock that received dividends.

Reference no: EM131188517

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