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Astray Enterprise has income before tax of Php 200,000 with an income tax rate of 40%. The dividend payout ratio was 0.80 and the number

Astray Enterprise has income before tax of Php 200,000 with an income tax rate of 40%. The dividend payout ratio was 0.80 and the number of common shares outstanding was 10,000 shares. How much was the dividends per share for the year?

A. Php 9.60

B. Php 15.00

C. Php 12.00

D. None of the choices

Please provide a comprehensive explanation for your answer.

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