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The Following Financial Information Was Taken from a Firm's Accounting

Question 105

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The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
 Net Sales $1,760,000 Income Tax Expense 12,525 Net Income After Income Tax 230,000 Common Stock ( $25 par value) 889,000 Retained Earnings 276,000\begin{array}{lr}\text { Net Sales } & \$ 1,760,000 \\\text { Income Tax Expense } & 12,525 \\\text { Net Income After Income Tax } & 230,000 \\\text { Common Stock ( } \$ 25 \text { par value) } & 889,000 \\\text { Retained Earnings } & 276,000\end{array}
Cash dividends of $27,200 were paid on the common stock in 2019. Market price of the common stock on December 31 was $62.
(1.)Rate of return on common stockholders' equity
(2.) Earnings per share of common stock
(3.) Price-earnings ratio
(4.) Yield on common stock

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1. 8.9%; 2...

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