Use the following information to obtain the ratios requested below.Where necessary,carry answers to one decimal place.
Dividends per share: $.54
Market price per share: $30
Net income: $88,000
Average stockholders' equity: $625,000
Earnings per share: $1.25
A) Dividends yield = _____________%
B) Return on equity = _____________%
C) Price/earnings (P/E) ratio = __________times
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