Question
Disney Inc. has 3,500,000 ordinary shares of $1.50 each. Declared dividends are 6% of the net profits. After-tax profit: $2,100,000 Annual sales: $28 million Current
Disney Inc. has 3,500,000 ordinary shares of $1.50 each.
•Declared dividends are 6% of the net profits.
•After-tax profit: $2,100,000
•Annual sales: $28 million
•Current market price per share: $5.50
Calculate the following:
1.Gross profit margin
2.Dividend payout ratio
3.Earnings per share
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
