Sweetman Corporation has provided the following financial data (in thousands of dollars):

\begin{array}{ll}&\text { Year 2 } & \text { Year 1 } \\\text { Total assets. }&\$ 1,310 & \$ 1,290\\\text { Stockholders' equity: }\\\text { Preferred stock, \( \$ 100 \) par value, \( 10 \% \)}&\$ 200 & \$ 200 \\\text {Common stock, \$1 par value }&\$ 200 & \$ 200 \\\text {Additional paid-in capital--common stock }&\$ 160 & \$ 160 \\\text {Retained earnings }&\$ 350 & \$ 330\end{array}

Net income for Year 2 was $120 thousand.Interest expense was $25 thousand.The tax rate was 30%.Dividends on common stock during Year 2 totaled $80 thousand.Dividends on preferred stock totaled $20 thousand.The market price of common stock at the end of Year 2 was $4.75 per share.
Required:
Compute the following for Year 2:
a.Earnings per share (of common stock).
b.Price-earnings ratio.
c.Dividend payout ratio.
d.Dividend yield ratio.
e.Return on total assets.
f.Return on common stockholders' equity.
g.Book value per share.

Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear

Multiple Choice

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