Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Daisy Mae Inc. had earnings per share of $19 during the year ended December 31, 2021. There are currently 45,000 common shares outstanding. These
Daisy Mae Inc. had earnings per share of $19 during the year ended December 31, 2021. There are currently 45,000 common shares outstanding. These common shares were originally issued for a total of $100,000 cash. If Daisy Mae Inc. pays out a total of $370,000 in dividends during 2021 what is their dividend payout ratio? Express your answer as a percent, rounded to two decimals.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285866304, 978-1285866307
