Question
QUESTION 2 Helmuth Inc's latest net income was $1,100,000, and it had 1,500,000 shares outstanding. The company wants to pay out 65% of its income.
QUESTION 2
Helmuth Inc's latest net income was $1,100,000, and it had 1,500,000 shares outstanding. The company wants to pay out 65% of its income. What dividend per share should it declare? Do not round your intermediate calculations. Round final answer two decimal places . Show work
QUESTION 3
If a firm's profit margin is 15%, total assets turnover is 1.57, and its debt-to-assets ratio (i.e. liabilities-to-assets) is 0.4, what is the firm's ROE? Round final answer two decimal places. Show work.
|
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
Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
