Homework Answers
P. Earning per share = (Net Income - Preference Dividends) /
Stock Outstanding
2019 = ($18300 - 3500) / 10000 = $1.48 per share
2018 = ($48100 - 3500) / 10000 = $4.46 per share
Q. Book Value per share = (Common Stock + Retained Earnings) /
Stock Outstanding
2019 = (70000+141200) / 10000 = $21.12 per share
2018 = (70000+131000) / 10000 = $20.10 per share
R. Price-Earnings ratio = Market Price / Earnings per
share
2019 = $14.20 / 1.48 = 9.59 times
2018 = $12.60 / 4.46 = 2.83 times
Q. Dividend Yield on common stock = Dividend per share / Market
price x 100
2019 = $0.46 / $14.20 = 3.24%
2018 = $0.46 / $12.60 = 3.65%
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