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Determine the earnings per share

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Question - Earnings per Share, Price-Earnings Ratio, Dividend Yield - The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:

Common stock, $45 par value (no change during the year) $14,400,000

Preferred $10 stock, $200 par (no change during the year) 8,000,000

The net income was $1,424,000 and the declared dividends on the common stock were $80,000 for the current year. The market price of the common stock is $24.00 per share.

For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places.

Reference no: EM133055508

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