The following information was taken from the financial statements of Finn Resources Inc. for December...
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Accounting
The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current fiscal year:
Common stock, $25 par value (no change during the year) $8,250,000
Preferred $8 stock, $200 par (no change during the year) 8,000,000
The net income was $716,000 and the declared dividends on the common stock were $69,300 for the current year. The market price of the common stock is $9.6 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. If required, round your answers to two decimal places.
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