Response to the following problem:
The balance sheet for Shryer Industries Inc. at the end of the current fiscal year indicated the following:
Bonds payable, 5% (issued in 2000, due in 2020) $8,000,000
Preferred $4 stock, $75 par 15,000,000
Common stock, $7 par 3,500,000
Income before income tax was $3,400,000, and income taxes were $1,000,000 for the current year. Cash dividends paid on common stock during the current year totaled $100,000. The common stock was selling for $8 per share at the end of the year. Determine each of the following:
(a) number of times bond interest charges are earned,
(b) number of times preferred dividends are earned,
(c) earnings per share on common stock,
(d) price-earnings ratio,
(e) dividends per share of common stock, and
(f) dividend yield.
Round to one decimal place except earnings per share, which should be rounded to two decimal places