Question
Procter & Gamble has 4,200,000 ordinary shares of $1 each. Declared dividends are 4% of the net profits. After-tax profit: $1,680,000 Annual sales: $22 million
•Procter & Gamble has 4,200,000 ordinary shares of $1 each.
•Declared dividends are 4% of the net profits.
•After-tax profit: $1,680,000
•Annual sales: $22 million
•Current market price per share: $4.50
Calculate the following:
1.Gross profit margin
2.Dividend payout ratio
3.Earnings per share
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
