The Following Data Were Reported for Marcellan Company

question 153

Essay

The following data were reported for Marcellan Company: $$\begin{array}{l}\begin{array} { | l | r | } \hline \text { Profit } & \$ 275,000 \\\hline \text { Total dividend declared and paid on common stock } & 0.60 \text { per share } \\\hline \text { Common stock outstanding, par } \$ 10 & \$ 1,750,000 \\\hline \text { Market price } & 20.00 \text { per share } \\\hline \text { Cash flows from operating activities } & \$ 280,000 \\\hline\end{array}\\\\\text { Compute the following ratios: }\\\begin{array} { | l | l | } \hline \text { (a) } & \text { Dividend yield } \\\hline \text { (b) } & \text { Price/earnings ratio } \\\hline \text { (c) } & \text { Quality of earnings } \\\hline\end{array}\end{array}$$

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Definitions:

Neglect

Neglect involves failing to care for or attend to someone or something properly, often leading to adverse effects or deterioration.

Evidence of Burns

Indicators or signs on the body that suggest the occurrence of burns, such as discoloration, blisters, or damaged skin.

Unusual Places

Locations that are out of the ordinary, unique, or unexpected in some way.

Abuse

The improper usage or treatment of an entity, often to unfairly or improperly gain benefit.