FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows:
Computing the Dividend Yield and the Dividend Payout Ratio Refer to the information for Somerville Company on the previous page. Also, assume that the market price per common share is $8.10. Required:
1. Compute the dividends per share.
2. Compute the dividend yield.
3. Compute the dividend payout ratio.
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