15 Feb The following information has been gathered for Malette Manufacturing: Net income $ 5,000,000 Common dividends $1,200,000 Interest expense 400,000 Average common shares outstanding
The following information has been gathered for Malette Manufacturing: Net income $ 5,000,000 Common dividends $1,200,000 Interest expense 400,000 Average common shares outstanding 800,000 shares Average total assets 60,000,000 Average common stockholders’ equity $20,000,000 Preferred dividends 400,000 Market price per common share $40 Assume that the firm has no common stock equivalents. The tax rate is 34 percent. Required: 1. Compute the return on assets. 2. Compute the return on common stockholders’ equity. 3. Compute the earnings per share. 4. Compute the price-earnings ratio. 5. Compute the dividend yield. 6. Compute the dividend payout ratio.
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