Jacobs Corporation earned $2 million after tax. The firm has 1.6 million shares of common stock outstanding.
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Jacobs Corporation earned $2 million after tax. The firm has 1.6 million shares of common stock outstanding.
a. Compute the earnings per share of Jacobs.
b. If Jacobs' dividend policy calls for a 40 percent payout ratio, what are the dividends per share? P-698
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