#2

Brooks Sporting Inc. is prepared to report the following 2021 income statement (shown in thousands of dollars). $ % the nearest cent. $ round intermediate calculations. Round your answer to two decimal places. % scenario, would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same per-share dividend? I. Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain the same per-share dividend. II. Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain a constant dividend payout ratio