Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Polycom Systems earned $ 5 7 4 million last year and paid out 2 4 percent of earnings in dividends. a . By how much
Polycom Systems earned $ million last year and paid out percent of earnings in dividends.
a By how much did the company's retained earnings increase?
Note: Do not round intermediate calculations. Input your answer in dollars, not millions eg $
Addition to retained earnings
b With million shares outstanding and a stock price of $ what was the dividend yield? Hint: First compute dividends per share. Note: Do not round intermediate calculations. Input your answer as a percent rounded to decimal places.
Dividend yield
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started