EXERCISE 15–7 Selected Financial Ratios for Common Stockholders [LO2] Refer to the financial statements for Madison Company in Exercise 15–6. In addition to the data in these statements, assume that Madison Company paid dividends of $3.15 per share during the year. Also assume that the company’s common stock had a market price of $63 per share on June 30 and that there was no change in the number of outstanding shares of common stock during the fiscal year. Required: Compute the following: 1. Earnings per share. 2. Dividend payout ratio. 3. Dividend yield ratio. 4. Price-earnings ratio.
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