solution a:
Earning per share = (Net income - Preferred dividend) / Outstanding common shares
= ($420,000 - $160,000) / 130000 = $2 per share
Solution b:
Price earning ratio = Market price per share / earning per share = $15 / $2 = 7.5 times
Solution c:
Dividend per share = Dividend to common shareholders / nos of outstanding common shares = $32,500 / 130000 = $0.25 per share
Solution d:
Dividend yield = Dividend per share / Market price per share = $0.25 / $15 = 1.67%
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