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Question 1 5 Marks Ross River Ltd produces glass containers. In July 2021, the company reported net profits after tax of $500,000 for the financial

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Question 1 5 Marks Ross River Ltd produces glass containers. In July 2021, the company reported net profits after tax of $500,000 for the financial year 2020-2021 and announced that it will pay the annual dividend on 1 September 2021. Due to increased demand the company expects the net profits after tax for the 2021 - 2022 financial year to be 20% higher. Ross River Ltd intends to maintain its current dividend payout ratio of 60% and expects to pay the annual dividend for 2021 2022 in 1 September, 2022

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