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waterman7833 waterman7833
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11 months ago

Sehrt Corporation has provided the following financial data:

Year 2Year 1
Common stock, $3 par value$ 300,000$ 300,000
Total stockholders' equity$ 803,000$ 770,000

The company’s net income for Year 2 was $44,000. Dividends on common stock during Year 2 totaled $11,000. The market price of common stock at the end of Year 2 was $6.29 per share.

Required:

a. What is the company’s earnings per share for Year 2?

b. What is the company’s price-earnings ratio for Year 2?

c. What is the company’s dividend payout ratio for Year 2?

d. What is the company’s dividend yield ratio for Year 2?

e. What is the company’s book value per share at the end of Year 2?

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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Kmc14Kmc14
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waterman7833 Author
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11 months ago
Just got PERFECT on my quiz
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This helped my grade so much Perfect
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Helped a lot
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