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Apple Inc. has 4,000,000 ordinary shares of $1 each. Declared dividends are 3% of the net profits. After-tax profit: $2,400,000 Annual sales: $30 million Current
- •Apple Inc. has 4,000,000 ordinary shares of $1 each.
•Declared dividends are 3% of the net profits.
•After-tax profit: $2,400,000
•Annual sales: $30 million
•Current market price per share: $4.00
Calculate the following:
1.Net profit margin
2.Dividend per share
3.Return on assets
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
