7.Earnings per Share, Price-Earnings Ratio, Dividend Yield Thefollowing information was taken from the financial statements ofTolbert Inc. for December 31 of the current fiscal year: Commonstock, $45 par value (no change during the year) $12,600,000Preferred $10 stock, $200 par (no change during the year) 8,000,000The net income was $960,000 and the declared dividends on thecommon stock were $70,000 for the current year. The market price ofthe common stock is $16.00 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. Ifrequired, round your answers to two decimal places. a. Earnings perShare $ b. Price-Earnings Ratio c. Dividends per Share $ d.Dividend Yield %
