The Following Data Were Reported for Favre Company Calculate Each of the Following Ratios:
A

The following data were reported for Favre Company:
$$\begin{array} { l l } \text { Net income } & \$ 275,000 \\\text { Total dividends declared and paid on common stock } & \$ 0.60 \text { per share } \\\text { Common stock, par } \$ 10 & \$ 1,750,000 \\\text { Market price } & \$ 20.00 \text { per } \\& \text { share } \\\text { Cash flows from operating activities } & \$ 280,000\end{array}$$ Calculate each of the following ratios:
A.Dividend yield
B.Price/earnings ratio
C.Quality of income

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