The statement of financial position for Hyde Corporation at the end of the current year includes the following: Income before income tax was $1,850,000, and income tax expense for the current year was $550,000. Cash dividends paid on common shares was $200,000, and cash dividends paid on preferred shares was $100,000. The common shares were selling for $85 per share at year end.
Instructions
Calculate the following ratios:
a) Earnings per share
b) Price/earnings
c) Dividend yield

Question

The statement of financial position for Hyde Corporation at the end of the current year includes the following:  Income before income tax was $1,850,000, and income tax expense for the current year was $550,000. Cash dividends paid on common shares was $200,000, and cash dividends paid on preferred shares was $100,000. The common shares were selling for $85 per share at year end.
Instructions
Calculate the following ratios: 
a) Earnings per share
b) Price/earnings
c) Dividend yield

Quizplus · Accepted Answer

The Answer of The statement of financial position for Hyde Corporation at the end of the current year includes the following:  Income before income tax was $1,850,000, and income tax expense for the current year was $550,000. Cash dividends paid on common shares was $200,000, and cash dividends paid on preferred shares was $100,000. The common shares were selling for $85 per share at year end.
Instructions
Calculate the following ratios: 
a) Earnings per share
b) Price/earnings
c) Dividend yield

The Statement of Financial Position for Hyde Corporation at the End