Question
Coca-Cola Co. has 5,500,000 ordinary shares of $1 each. Declared dividends are 4% of the net profits. After-tax profit: $3,300,000 Annual sales: $40 million Current
•Coca-Cola Co. has 5,500,000 ordinary shares of $1 each.
•Declared dividends are 4% of the net profits.
•After-tax profit: $3,300,000
•Annual sales: $40 million
•Current market price per share: $4.00
Calculate the following:
1.Earnings per share
2.Dividend payout ratio
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
