Determine the earnings per share

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Question - The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year:

Common stock, $20 par (no change during the year)$10,000,000Preferred $4 stock, $40 par (no change during the year)2,500,000The net income was $1,750,000, and the declared dividends on the common stock were $1,125,000 for the current year. The market price of the common stock is $45 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. Round to one decimal place, except for dollar amounts which should be rounded to two decimal places.

Reference no: EM132523749

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