Question
A firm reports $40,000,000 in sales for 2019. The firm has a net profit margin of 5% and 4,000,000 share outstanding. If the firm has
A firm reports $40,000,000 in sales for 2019. The firm has a net profit margin of 5% and 4,000,000 share outstanding. If the firm has a dividend payout ratio of 20%, what is the dividends per share for the firm?
Question 2 options:
|
| $0.15 |
|
| $0.25 |
|
| $0.10 |
|
| $0.20 |
|
| $0.05 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
