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Orchard Corporation reported after-tax net income of $5800000.

For 2008, Orchard Corporation reported after-tax net income of $5,800,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 9 percent preferred stock and 400,000 shares of common stock. The company’s total stockholders’ equity was $23,000,000 at December 31, 2008. Orchard Corporation’s common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.

Required:
Compute the following:
a.Earnings per share
b.Book value per share of common stock
c.Price-earnings ratio
d.Dividend yield
(Round your answers to 2 decimal places. Omit the "$" and "%" sign in your response.)
a. Earnings Per Share = $
b. Book Value Per Share of common stock = $
c. Price-Earnings Ratio = times earnings
d. Dividend Yield = %

Jun 01 2018 View more View Less

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