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Use the following information to obtain the ratios requested below.Where necessary,carry answers to one decimal place.
Dividends per share: $1.14
Market price per share: $54
Net income: $118,000
Stockholders' equity,beginning of year: $500,000
Stockholders' equity,end of year: $530,000
Earnings per share: $1.75
a.Dividends yield = _____________%
b.Return on equity = _____________%
c.Price/earnings (P/E)ratio = __________ times
Owe Money
The condition of being under obligation to pay or repay someone or something in return for something received.
Chapter 7
A provision under the U.S. Bankruptcy Code that deals with the process of liquidation, where an individual's or company's assets are sold to pay off creditors.
Trustee
An individual or organization appointed to manage and administer property or assets on behalf of others, usually within a trust.
Debtor's Estate
The collective assets and liabilities of a debtor that are subject to administration in a bankruptcy case.
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