The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $25 par value (no change during the year) $5,250,000 Preferred $4 stock, $200 par (no change during the year) 6,000,000 The net income was $750,000 and the declared dividends on the common stock were $52,500 for the current year. The market price of the common stock is $24.00 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. If required, round your answers to two
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