Solved

Information Concerningthe Common Shares of Morris Company as of the End

Question 28

Multiple Choice

Information concerningthe common shares of Morris Company as of the end of the company's fiscal year is presented below:
 Nurnber of Shares Outstanding 460,000 Par Values per Share $5.00 Dividend per Share $6.00 Market Price per Share $54.00 Earrings per Share $18.00\begin{array} { | l | r | } \hline \text { Nurnber of Shares Outstanding } & 460,000 \\\hline \text { Par Values per Share } & \$ 5.00 \\\hline \text { Dividend per Share } & \$ 6.00 \\\hline \text { Market Price per Share } & \$ 54.00 \\\hline \text { Earrings per Share } & \$ 18.00 \\\hline\end{array}
The dividend yield ratio is closest to which of the following?


A) 11.1%.
B) 33.3%.
C) 50.0%.
D) 120.0%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents