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The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current fiscal year:

Common stock, $30 par value (no change during the year) $9,000,000

Preferred $5 stock, $100 par (no change during the year) 4,000,000

The net income was $920,000 and the declared dividends on the common stock were $207,000 for the current year. The market price of the common stock is $20.4 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.

a. Earnings per Share $

b. Price-Earnings Ratio

c. Dividends per Share $

d. Dividend Yield %

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91967167

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