Big Business Inc. had $100,000 in revenue and $20,000 in costs. Assuming no other income or expense, what is the dividend per share if the company has a 50% payout ratio and 10,000 shares outstanding? a) $5 per share b) $4 per share c) $1 per share d) $6 per share

Big Business Inc. had $100,000 in revenue and $20,000 in costs. Assuming no other income or expense, what is the dividend per share if the company has a 50% payout ratio and 10,000 shares outstanding? a) $5 per share b) $4 per share c) $1 per share d) $6 per share

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

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Financial Accounting

Big Business Inc. had $100,000 in revenue and
$20,000 in costs. Assuming no other income or
expense, what is the dividend per share if the
company has a 50% payout ratio and 10,000 shares
outstanding?
a) $5 per share
b) $4 per share
c) $1 per share
d) $6 per share

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