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13-1. (Dividend payout ratio) in May of 2017, Apple (AAPL) announced that it woul, increase to divA den to '513'22 billion annually which surpassed Exxon
13-1. (Dividend payout ratio) in May of 2017, Apple (AAPL) announced that it woul,
increase to divA den to '513'22 billion annually which surpassed Exxon Mobil's 204
512-77 billion payout. Apple's 2017 net income was $48,35 bilion and Exxon Mobt,
was $19.7 billion. How do the dividend payout ratios compare for the two compante:
13-2. (Dividend policy and the issue of new shares of common stock Canfield Enterprise,
has just completed its annual planning and budgeting process and needs to rase
$20 million to finance its capital expenditures for the coming year. The firm earner
$18 million last ver and will pay out half this amount in dividends. If the firm's CrO
wants to finance new investments using no more than 40 percent debt financing,
how much common stock will the firm have to issue to raise the needed $20 million
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