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Sandhill Inc. is considering one of three options: (1) paying a $0.43 cash dividend, (2) distributing a 6% stock dividend, or (3) effecting a 4-for-1
Sandhill Inc. is considering one of three options: (1) paying a $0.43 cash dividend, (2) distributing a 6% stock dividend, or (3) effecting a 4-for-1 stock split. The current fair value is $15 per share. Indicate the financial impact on the financial statement items listed of each action under consideration (treat each possibility independently). Grouper Limited reported profit of $400,150 for its November 30,2024 , year end. Cash dividends of $86,200 on the common shares and $62,900 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Grouper's common shares: Dec. 1,2023 The opening number of common shares was 62,200. Feb. 28, 2024 Sold 8,400 common shares for $134,400 cash. May 31, 2024 Reacquired 4,200 common shares for $58,800 cash. Nov. 1, 2024 Issued 12,600 common shares in exchange for land with a fair value of $250,000. Grouper Limited reported profit of $400,150 for its November 30,2024 , year end. Cash dividends of $86,200 on the common shares and $62,900 on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Grouper's common shares: Dec. 1, 2023 The opening number of common shares was 62,200. Feb. 28, 2024 Sold 8,400 common shares for $134,400 cash. May 31, 2024 Reacquired 4,200 common shares for $58,800 cash. Nov. 1, 2024 Issued 12,600 common shares in exchange for land with a fair value of $250,000. Current Attempt in Progress The following financial information is available for Cullumber Ltd. as at December 31 (in thousands, except for per share amounts): (a) Calculate the earnings per share, price-earnings ratio, and payout ratio for the commonshareholders for each of the three years. (Round earnings per share and payout ratio answers to 2 decimal places, e.g. 5.76. Round price-earnings ratio answers to 1 decimal place, e.g
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