   Chapter 9, Problem 9.4.20P

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Textbook Problem

Twenty metrics of liquidity, solvency, and profitabilityThe comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8   Instructions Dividend yield To determine Concept Introduction: Dividend Yield Ratio: Dividend Yield ratio is calculated as percentage by dividing the dividend per share by market price per share. The formula for the dividend yield ratio is as follows: Dividend Yield Ratio = Dividend per shareMarketprice per share To Calculate: The dividend yield. Explanation The dividend yield is calculated as follows:  20Y8 Common Dividend Paid (A)$ 50,000 Average Number of Common Shares outstanding (B)

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