Question

During Year 3, Fanning Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock outstanding remained constant at 9,840 of $100 par, 9 percent preferred stock and 399,000 shares of common stock. The company’s total stockholders’ equity is $19,900,000 at December 31, Year 3. Fanning Corporation’s common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.60 per share to common stockholders. Required Compute the earnings per share. Note: Round your answer to 2 decimal places. Compute the book value per share of common stock. Note: Round your answer to 2 decimal places. Compute the price-earnings ratio. Note: Round intermediate calculations and final answer to 2 decimal places. Compute the dividend yield. Note: Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).

          During Year 3, Fanning Corporation reported after-tax net income of $3,630,000. During the year, the number of shares of stock outstanding remained constant at 9,840 of $100 par, 9 percent preferred stock and 399,000 shares of common stock. The company’s total stockholders’ equity is $19,900,000 at December 31, Year 3. Fanning Corporation’s common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.60 per share to common stockholders.
Required
Compute the earnings per share.
Note: Round your answer to 2 decimal places.
Compute the book value per share of common stock.
Note: Round your answer to 2 decimal places.
Compute the price-earnings ratio.
Note: Round intermediate calculations and final answer to 2 decimal places.
Compute the dividend yield.
Note: Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).

Added by Jennifer S.

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