If a company paid dividend of $1.50/share and its payout ratio was .4, its eps must have been:

Lindas Lights balance sheet info for the beginning of 2020:

Owners Equity 27 million

Bank Loan 10 million, 4.5% interest rate

Fixed Assets 10 million

Inventory 23 million

Cash 4 million

Here are info for 2020:

Purchased 220 thousand lamps for $100 each, sold them for $125 each

Incurred additional operating costs of $2 million

Purchased 5 trucks for $100,000 each

Profits tax 15%

No depreciation allowance

Dividend payout ratio 30%

question 9

8. If the company has 1 million shares, what is price-per-share Price per share= Equity/ # of shares= 28814750/1000000=28.81 9. If the company now issues 100,000 new shares what are book value and market value, each on a company basis and per-share basis