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Please answer the questions, it's one problem and all the questions are related Problem Three RAMO Co. has net income for this year of $80,000

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedPlease answer the questions, it's one problem and all the questions are related

Problem Three RAMO Co. has net income for this year of $80,000 and it pays out dividend for 30%. The company has 25,000 shares outstanding, and its shares are currently selling at $60/share. RAMO is considering 3-for-2 stock split. Required: Use the above give to answer questions 15 through 20 16- The current earnings per share of RAMO is: * $0.96/ share $3.01/share $1.04/share O $2.20/share O None of the above 17- Following the split, the dividend per share of RAMO is: * $0.32/share $0.48/share $0.64/share $0.52/share None of the above 18- Following the split, the earnings per share of RAMO is: * $1.07/share $1.60/share $2.13/share $2.55/share None of the above 19- Assume that after making a specific split the company's price per share turned to be traded at $16, then how the number of shares will change compared to the number of shares before the split: * Increase 93,750 shares Increase 400,000 shares Increase 68,750 shares Increase 375,000 shares None of the above 20- Assume that after making a specific split the company's EPS turned to be $1.6, then how much will be the total dividends that the company will pay after the stock split. * 0 $48,000 $24,000 O $12,000 O Can't be determined None of the above

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