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

Question

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

Quizplus · Accepted Answer

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

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

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