Question
Transformers has 1.5 million shares outstanding. This year, Transformers will have operating income (EBIT) of $18.2 million, interest expenses of $2.4 million, depreciation expenses of
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Transformers has 1.5 million shares outstanding. This year, Transformers will have operating income (EBIT) of $18.2 million, interest expenses of $2.4 million, depreciation expenses of $3.1 million. What will be the dividend per share be if Transformers' dividend payout ratio is 40%? Assume a marginal tax rate of 40%. (Round off your answer to 4 decimal places)
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Information Quality Assurance And Internal Control For Management Decision Making
Authors: William R Kinney
1st Edition
0256221618, 9780256221619
