2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company paid P15 per shareholder, how much is the total net income in 2020?

2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company paid P15 per shareholder, how much is the total net income in 2020?

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

On 2021, Bulldogs Inc. net income doubled from the 2020 figure. The number of outstanding shares is constant at 100,000. The pay-out ratio is constant at 30%. If on 2021 the company paid P15 per shareholder, how much is the total net income in 2020?

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