The following data were reported for Favre Company:
Calculate each of the following ratios.Round your answers to two decimal places.
A.Dividend yield
B.Price/earnings ratio
C.Quality of income
Definitions:
Effective-Interest Method
An accounting method to amortize the discount or premium on bonds payable or receivable over the bond's life, reflecting a constant rate of interest.
Market Rate
The current price or interest rate at which a good, service, or financial asset can be bought or sold in a competitive market.
Journal Entry
An accounting transaction entered into a ledger that denotes the financial activities of a company.
Statement of Cash Flows
A summary statement which tracks all cash inflows to a company from its regular business operations and funds received from investments, plus all cash outflows for paying business and investment costs within a certain period.
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