Question
In the fiscal year, IBM Corporation reported the issuance of 2,500,000 ordinary shares, each valued at $2. The company announced a 7% dividend payout from
In the fiscal year, IBM Corporation reported the issuance of 2,500,000 ordinary shares, each valued at $2. The company announced a 7% dividend payout from its net profit, which amounted to $1,750,000. The company's total revenue for the year was $18 million, with the market price per share at $4.50. Determine:
1.Dividend per share
2.Net profit margin
3.Return on assets
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
