EXERCISE 14-9 Selected Financial Ratios for Common Stockholders (LO2) Refer to the financial statements for...
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EXERCISE 14-9 Selected Financial Ratios for Common Stockholders (LO2) Refer to the financial statements for Madison Corporation in Exercise 14-8. In addition to the data in these statements, assume that Madison Corporation paid dividends of $3.15 per share during the year. Also as sume that the company's common stock had a market price of $63 per share on June 30 and there was no change in the number of outstanding shares of common stock during the fiscal year. data in these Share during the Price of $63 per Required: Compute the following: 1. Earnings per share. 2. Dividend payout ratio. 3. Dividend yield ratio. 4. Price-earnings ratio. EXERCISE 14-9 Selected Financial Ratios for Common Stockholders (LO2) Refer to the financial statements for Madison Corporation in Exercise 14-8. In addition to the data in these statements, assume that Madison Corporation paid dividends of $3.15 per share during the year. Also as sume that the company's common stock had a market price of $63 per share on June 30 and there was no change in the number of outstanding shares of common stock during the fiscal year. data in these Share during the Price of $63 per Required: Compute the following: 1. Earnings per share. 2. Dividend payout ratio. 3. Dividend yield ratio. 4. Price-earnings ratio
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