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There are 300,000 shares outstanding Use the following information for the next 2 problems. Julie, Inc., has a total debt ratio of 0.45. In addition,
There are 300,000 shares outstanding
Use the following information for the next 2 problems. Julie, Inc., has a total debt ratio of 0.45. In addition, the company had additions to retained earnings for the year just ended of $300,000, the firm paid out $220,000 in cash dividends, and it has ending total equity of $5 million. 2.4 a. What are the dividends per share? b. What is book value per share? c. If the stock currently sells for $25 per share, what is the market-to-book ratio? d. What is the price-earnings ratioStep by Step Solution
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