Essay
Use the following information to obtain the ratios requested below. Where necessary, carry answers to one decimal place.
Dividends per share: $.54
Market price per share: $30
Net income: $88,000
Average stockholders' equity: $625,000
Earnings per share: $1.25
a. Dividends yield = _____________%
b. Return on equity = _____________%
c. Price/earnings (P/E) ratio = __________times
Correct Answer:
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a. 1.8%
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Correct Answer:
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b....
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