Shares of comon stock, Ralite Company had net income for

Shares of comon stock

Reference no: EM13128638

Ralite Company had net income for the year of $20 Million. It had 2 Million shares of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.

Required:

Calculate the following ratios: (a)price/earnings ratio, (b) dividend yield, and (c) dividend payout.

Reference no: EM13128638

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