The information is condensed data taken from the balance sheet at the end of the year:
Net income: $300,000
Preferred 7% stock, $100 par $100,000
Common stock, $20 par $200,000
Paid-in capital in excess of par—common stock $50,000
Retained earnings $300,000
Cash Dividend paid on common stock $ 40,000
Common stock was selling for $56 at the end of the current year.
Calculate Dividend yield on common stock, earnings per share on common stock and, price-earnings ratio on common stock.