The Following Financial Data Are Available for Schultz Company Compute the Following Ratios:
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The following financial data are available for Schultz Company: $$\begin{array} { | l | r | } \hline \text { Operating profit } & \$ 236,000 \\\hline \text { Profit } & 196,300 \\\hline \text { Earnings per share } & 2.45 \\\hline \text { Dividends paid per share } & 1.25 \\\hline \text { Average common shareholders' equity } & 985,000 \\\hline \text { Average total assets } & 1,870,000 \\\hline \text { Current market price per share } & 24.50 \\\hline \text { Book value per share } & 12.30 \\\hline\end{array}$$ Compute the following ratios:
1. Return on equity
2. Price/earnings ratio
3. Dividend yield