Use the following information to obtain the ratios requested below. Where necessary, carry answers to one decimal place. Dividends per share: $2.16 Market price per share: $48 Net income: $88,000 Average stockholders' equity: $625,000 Earnings per share: $1.56 a. Dividends yield = _____________% b. Return on equity = _____________% c. Price/earnings (P/E) ratio = __________times
Fill in the blank(s) with correct word
a. 4.5%
b. 14.1%
c. 30.8 times
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