(Answered) Ralite company had net income for the year of 20 million it

Finance

Ralite Company had net income for the year of $20 Million. It had 2 Million sharees 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 Earning Ratio

(b) dividend yield

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