For 2012, Wylie Corporation Reported After-Tax Net Income of $1,100,000

Essay

For 2012, Wylie Corporation reported after-tax net income of $1,100,000. During the year, the number of outstanding shares of 6% $100 par preferred stock remained constant at 5,000, and 500,000 shares of common stock were outstanding all year. The company's total stockholders' equity at December 31, 2012, was $10,500,000. Wylie's common stock was selling at $38 per share at the end of the year. All dividends for the year were paid, including a dividend of $1.50 per share to common stockholders.
Required:
Compute the following:
(a) Earnings per share
(b) Book value per share of common stock
(c) Price-earnings ratio
(d) Dividend yield