Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare? * O P2.50 P2.14 O P2.38 P2.26 P2.63

Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare? * O P2.50 P2.14 O P2.38 P2.26 P2.63

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Angel Company would like to
undertake a policy of paying
out 45% of its income. Its
latest net income was
P1,250,000, and it had
225,000 shares outstanding.
What dividend per share
should Angel declare? *
P2.50
P2.14
P2.38
O P2.26
O P2.63

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