Question
Alibaba Group has 4,800,000 ordinary shares of 1 each. Declared dividends are 3% of the net profits. After-tax profit: 1,440,000 Annual sales: 25 million Current
•Alibaba Group has 4,800,000 ordinary shares of ¥1 each.
•Declared dividends are 3% of the net profits.
•After-tax profit: ¥1,440,000
•Annual sales: ¥25 million
•Current market price per share: ¥4.50
Calculate the following:
1.Gross profit margin
2.Dividend payout ratio
3.Earnings per share
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
