(Answered) Problem - ralite company had net income for the year of 20

Accounting

Problem - Ralite Company had net income for the year of $20 million. It had 2 million shares of common 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: (1) price/earnings ratio; (2) dividend yield; and (3) dividend payout.

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