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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 4
Dividend Yield Ratio, Dividend Payout Ratio
Rebert Inc. showed the following balances for last year:
Rebert's net income for last year was $3,182,000.
Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.
Required:
1. Compute the dividends per share.
2. Compute the dividend yield. ( Note : Round to two decimal places.)
3. Compute the dividend payout ratio. ( Note : Round to two decimal places.)
Rebert Inc. showed the following balances for last year:
Rebert's net income for last year was $3,182,000.
Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.
Required:
1. Compute the dividends per share.
2. Compute the dividend yield. ( Note : Round to two decimal places.)
3. Compute the dividend payout ratio. ( Note : Round to two decimal places.)
Explanation
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Calculate dividend p...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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