Fluno Corporation has 1 million shares outstanding at the end of fiscal 2005. Its stock is trading at $15 per share. It issued $0.6 million in dividends, and had net income of $1 million in fiscal 2005. At the end of 2005, its total assets, liabilities, and retained earnings were $25 million, $15 million, and $7.5 million, respectively. Fluno's price-to-book ratio and dividend yield ratios for 2005 are:
A. 2 60 %
B. 1.5 60%
C. 1.5 4%
D. 2 4%
A) Option A
B) Option B
C) Option C
D) Option D
Correct Answer:
Verified
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