Menu The following financial data is from Hi-Tech Instruments\' financial statem

Question

Menu The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars except earnings per share.) 2016 16 Sales revenue Cost of goods sold Net income $210,000 125,000 9,200 21 Earnings per share 4,50 Hi-Tech Instruments, Inc. Balance Sheet of Dellars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash Accounts receivable (net) Tin 18,300$18,000 41,000 43,700 103,800 102,700 50,500 13,800 172,000$167,000 46,000 39,500 Total current assets Plant assets (net) Other assets Total assets Liabilities and Stockholders' Equity Notes payable banks Accounts payable 52,600 15,600 6,000 $6,000 22 500 18,700

Explanation / Answer

Price Earning ratio =Price/EPS =62.25/4.50 =13.8

Dividend Yied =Dividend/Price Per share

Dividend Per share =3500000/2000000

=1.75

Dividend Yield =1.75/62.25

=2.8%

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