1.
Earnings per Share, Price-Earnings Ratio, Dividend Yield
The following information was taken from the financial
statements of Tolbert Inc. for December 31 of the current fiscal
year:
Common stock, $30 par value (no change during the year)
$9,300,000
Preferred $5 stock, $100 par (no change during the year)
4,000,000
The net income was $572,000 and the declared dividends on the
common stock were $77,500 for the current year. The market price of
the common stock is $9.00 per share....