The average shareholders equity of Jonty James Ltd was $500 000 for the year ended 30 June
Question:
The average shareholders’ equity of Jonty James Ltd was $500 000 for the year ended 30 June 2016. During that year, Jonty James Ltd had a profit of $90 000 and declared cash dividends of $20 000. Calculate the dividend payout and the return on ordinary shareholders’ equity.
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Step by Step Answer:
The dividend payout ratio is calculated as follows Dividend Pay...View the full answer
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