Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CES CALCULATOR FULL SCREEN PRINTER VERSION 4 RACK MEX Brief Exercise 14-15 Highlink, Inc. reported earnings per share of $2. Its common shares were selling

image text in transcribed
CES CALCULATOR FULL SCREEN PRINTER VERSION 4 RACK MEX Brief Exercise 14-15 Highlink, Inc. reported earnings per share of $2. Its common shares were selling at $29 per share. During the same year, the company paid an 50.65 per share cash dividend. Calculate the price-earnings ratio and the payout ratio. (Round price-earnings ratio answer to 2 decimal places, e.g. 52.75 and payout ratio to o decimal places, e.g. 529.) Price-earnings ratio times Payout ratio ly Click if you would like to show Work for this question: Open Show Work LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions