The following financial information was taken from a firm's accounting records on December 31, 2018....
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Accounting
The following financial information was taken from a firm's accounting records on December 31, 2018. Use this information to answer the question below. Net Sales $800,000 Income Tax Expense $8,000 Net Income After Taxes $40,000 Common Stock $25 par - total par value $200,000 Retained Earnings $220,000 Cash dividends of $22,000 were paid on the common stock in 2018. Market price of the common stock on December 31 was $50. Yield on common stock (also called Dividend Yield) is ______% (Hint: determine the number of common shares outstanding.) 5.5% 1.1% 2.5% .55%
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