7 Suppose a firm has a retention ratio of 50 percent, net Income of $17.8 million, and 10million shares outstanding. What would be the dividend per share paid out on the firm'sstock? (Round your answer to 2 decimal places.)Dividend pershare

Answer : Payout ratio = 1-Retention ratio Payout ratio = 1- 0.50 Payout ratio = 0.50 Payout ratio =…

Answered: nding. What answer to 2

Business

Accounting

nding. What answer to 2

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

Suppose a firm has a retention ratio of 50 percent, net Income of $17.8 million, and 10
million shares outstanding. What would be the dividend per share paid out on the firm's
stock? (Round your answer to 2 decimal places.)
Dividend per
share

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