Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.

Name: Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

The Answer of  Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.

Net Income for 2004 Was $10,000