During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares o putstanding remained constant at 9,560 of $100 par, 10 percent preferred stock and 397,000 shares of common stock cotal stockholders' equity is $19,900,000 at December 31, Year 3. Perez Corporation's common stock was selling at $5 he end off its fiscal vear All dividends for the vear have been paid including $4 90 per share to common stockholders

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...
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During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock
outstanding remained constant at 9,560 of $100 par, 10 percent preferred stock and 397,000 shares of common stock. The company's
total stockholders' equity is $19,900,000 at December 31, Year 3. Perez Corporation's common stock was selling at $51 per share at
the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders.
Transcribed Image Text:During Year 3, Perez Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock outstanding remained constant at 9,560 of $100 par, 10 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,900,000 at December 31, Year 3. Perez Corporation's common stock was selling at $51 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.90 per share to common stockholders.
a. Compute the earnings per share. (Round your answer to 2 decimal places.)
b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)
c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.)
d. Compute the dividend yield. (Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45).)
a. Earnings per share
b.
Book value per share
C.
Price-earnings ratio
times
d. Dividend yield
%
Transcribed Image Text:a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) a. Earnings per share b. Book value per share C. Price-earnings ratio times d. Dividend yield %
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