Question
ClearView Investment Company reported the following data retrieved from last year's financial statements (in millions of dollars): Net income: $2,500 Sales: $10,000 EBIT: $1,800
ClearView Investment Company reported the following data retrieved from last year's financial statements (in millions of dollars): Net income: $2,500 Sales: $10,000 EBIT: $1,800 Total assets: $6,400 What was ClearView's total asset turnover ratio or TATO? JSR Enterprises is trying to determine what amount will be paid as an annual dividend to its stockholders. JSR's latest net income was $2,000,000, and it had 332,000 shares outstanding. The company wants to pay out 45% of its income as dividends. What dividend per share should it declare?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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