Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ company had additions to retained earnings for the year just ended of $229494. The firm paid out $143826 in cash dividends, and it has

image text in transcribedimage text in transcribed

XYZ company had additions to retained earnings for the year just ended of $229494. The firm paid out $143826 in cash dividends, and it has ending total equity of $4.3 million. The company currently has 108398 shares of common stock outstanding. What are dividends per share (DPS)? (Do NOT include the \$ sign. Round your final answer to 2 decimal places, e.g. 110.10) ABC company has ending inventory of $426381, and the cost of goods sold for the year just ended was $4722763. What is the days' sales in inventory? Assume 365 days in a year. (Round your answer to 2 decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Society And Sustainability

Authors: Nick Silver

1st Edition

1137560606, 978-1137560605

More Books

Students also viewed these Finance questions