The following information was taken from the financial statements of Finn Resources Inc. for December 31 of the current fiscal year:
The net income was $600,000 and the declared dividends on the common stock were $125,000 for the current year.
The market price of the common stock is $20 per share. For the common stock, determine
(a) The earnings per share,
(b) The price-earnings ratio,
(c) The dividends per share, and
(d) The dividend yield. Round to one decimal place except earnings per share, which should be rounded to two decimalplaces.