Question
The Costco Wholesale Corporation (COST) operates membership warehouses that offer a wide variety of branded and private label products in no-frills, self-service warehouse facilities. In
The Costco Wholesale Corporation (COST) operates membership warehouses that offer a wide variety of branded and private label products in no-frills, self-service warehouse facilities. In 2008 the company paid total cash dividends of $265,029,000 and had a net income of $1,282,725,000.
A. What was the firm's dividend payout ratio?
B.If Costco was to earn $1.75 billion in 2009 and maintained the same dividend payout ratio that is paid in 2008, what would the firm's dividends be?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
