Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Polycom Systems earned $487 million last year and paid out 24 percent of earnings in dividends. a. By how much did the company's retained earnings

image text in transcribed
Polycom Systems earned $487 million last year and paid out 24 percent of earnings in dividends. a. By how much did the company's retained earnings increase? (Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000).) b. With 100 million shares outstanding and a stock price of $163, what was the dividend yield? (Hint: First compute diyidends per share.) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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 Audit Process Principles Practice And Cases

Authors: Iain Gray, Stuart Manson

3rd Edition

1861529465, 9781861529466

More Books

Students also viewed these Accounting questions

Question

1. How has the prototype approach identified key features of love?

Answered: 1 week ago