The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $40 par value (no change during the year) $6,800,000 Preferred $4 stock, $200 par (no change during the year) 4,000,000 The net income was $624,000 and the declared dividends on the common stock were $42,500 for the current year. The market price of the common stock is $22.40 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
The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $40 par value (no change during the year) $6,800,000 Preferred $4 stock, $200 par (no change during the year) 4,000,000 The net income was $624,000 and the declared dividends on the common stock were $42,500 for the current year. The market price of the common stock is $22.40 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
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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