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Chapter 12 Financial Planning Exercise 7 Calculating key stock performance metrics The Morton Company recently reported...

Chapter 12
Financial Planning Exercise 7
Calculating key stock performance metrics

The Morton Company recently reported net profits after taxes of $14.7 million. It has 5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $67 per share.

  1. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.
    $   per share
  2. What's the stock's P/E ratio? Round the answer to two decimal places.
    $   times
  3. Determine what the stock's dividend yield would be if it paid $3.22 per share to common stockholders. Round the answer to two decimal places.
    %
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