Custer Corporation Reported the Following Information Related to Its Common

Essay

Custer Corporation reported the following information related to its common share (par $10) outstanding and profit: $$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Total shareholders' equity (no preferred stock) } & \$ 125,000 \\\hline \text { Current market price per share of the common stock } & \$ 40.00 \\\hline \text { Dividends declared and paid during 20X6 } & \$ 10,000 \\\hline \text { Balance in the common stock account } & \$ 40,000 \\\hline \text { Profit } & \$ 35,000 \\\hline\end{array}\\\\\begin{array} { | l | l | } \hline \text { (a) } & \text { The price/earnings ratio related to current operations was } \\\hline \text { (b) } & \text { The dividend yield ratio was } \\\hline \text { (c) } & \text { The book value per share of common stock was } \$ \\\hline\end{array}\end{array}$$