200. The following information was taken from the financial statement of Fox Resources for December 31, of the current fiscal year: Common stock, $20 par value (no change during the year) ...

200. The following information was taken from the financial statement of Fox Resources for December 31, of the current fiscal year:

The net income was $600,000 and the declared dividends on the common stock were $125,000 for the current year. The market price of the common stock is $20 per share.
Required:
For the common stock, determine:
(1) The earnings per share;
(2) The price-earnings ratio;
(3) The dividends per share; and the dividend yield.
Round to one decimal place except earnings per share, which should be rounded to two decimal places.

201. The income reported on the income statement of Gallant Company was $2,500,000. There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the current year. The income statement included two extraordinary items: a $500,000 gain from condemnation of land and a $200,000 loss arising from flood damage, both after applicable income tax.
Required:
Determine the per-share figures for common stock for:
(1) Income before extraordinary items; and
(2) Net income.