Tubular Steel has 1 million shares issued that have a market price of ($5.00) each. After-tax profits

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Tubular Steel has 1 million shares issued that have a market price of $$5.00$ each. After-tax profits are $$350,000$ and the dividend paid is 25 cents per share.

a. Dividend payout ratio is 71.4%

b. Earnings per share are 35 cents

c. Price/earnings ratio is 14.3

d. All of the above

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

Question Posted: May 30, 2024 02:02 AM

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Tubular Steel has 1 million shares issued that have a market price of ($5.00) each. After-tax profits

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Accounting For Managers Interpreting Accounting Information For Decision Making

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