The balance sheet for the Polar Corporation the end of the current fiscal year indicated the following:
Bonds payable, issued in due in $
Preferred stock, $ par
Common stock, $ par
Income before income tax was $ and income taxes were $ for the current year. Cash dividends paid on common stock during the current year totaled $ The common stock was selling for $ per share at the end of the year.
Required: Determine each of the following:
Number of times interest charges are earned;
Earnings per share on common stock;
Priceearnings ratio;
Dividends per share of common stock; and
Dividend yield.
Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.
