Response to the following problem:
The following information was taken from the financial statements of Fashion Cosmetics, Inc., for December 31 of the current fiscal year:
Common stock, $12 par value (no change during the year) $2,400,000
Preferred $9 stock, $100 par, cumulative, nonparticipating
(no change during year) 600,000
The net income was $444,000 and the declared dividends on the common stock were $156,000 for the current year. The market price of the common stock is $39 per share.
For the common stock, determine the
(a) earnings per share,
(b) price-earnings ratio,
(c) dividends per share, and
(d) dividend yield.
Round to two decimal places.