Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Inc. paid $14 million in dividends in 2016, during that year it had $42 million in earnings and 7 million shares outstanding. What is its

Inc. paid $14 million in dividends in 2016, during that year it had $42 million in earnings and 7 million shares outstanding. What is its dividends per share?

A. $0.33

B. $0.17

C. $0.50

D. $2.00

E. None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Essential Credit Repair Handbook

Authors: Deborah McNaughton

1st Edition

160163160X, 978-1601631602

More Books

Students also viewed these Finance questions