The Following Information Was Available for the Year Ended December

Essay

The following information was available for the year ended December 31, 2019:
$$\begin{array} { l r } \text { Net income } & \$ 180,000 \\\text { Average total assets } & 2,000,000 \\\text { Dividends per share } & 1.44 \\\text { Earnings per share } & 4.00 \\\text { Market price per share at year-end } & 72.00\end{array}$$ Required:
(a.)Calculate the price/earnings ratio for 2019.
(b.)Calculate the dividend payout ratio for 2019.
(c.)Calculate the dividend yield for 2019.