Question
Papa Roach Exterminators, Inc., has sales of $432,000, costs of $210,000, depreciation expense of$25,000, interest expense of $8,000, and a tax rate of 35 percent.
Papa Roach Exterminators, Inc., has sales of $432,000, costs of $210,000, depreciation expense of$25,000, interest expense of $8,000, and a tax rate of 35 percent. The firm paid out $65,000 in cash dividends. The firm had 30,000 shares of common stock outstanding. What are the dividends per share?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
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