The balance sheet for Seuss Company at the end of the current fiscal year indicated the following:
Income before income tax was $1,500,000 and income taxes were $200,000 for the current year.Cash dividends paid on common stock during the current year totaled $150,000.The common stock sells for $70 per share at the end of the year.
Determine each of the following:
a Number of times interest charges are earned
b Earnings per share on common stock
c Price-earnings ratio
d Dividends per share of common stock
e Dividend yield
Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places.
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