Following are selected data taken from the records of Jemson Company: Income before tax = P200,000 Income tax rate = 40% Dividend payout ratio = 0.80 Number of common shares outstanding = 10,000 shares How much dividends per share did the company pay during the year? a. P9.60 b. P6.40 c. P16 d. P15
Following are selected data taken from the records of Jemson Company: Income before tax = P200,000 Income tax rate = 40% Dividend payout ratio = 0.80 Number of common shares outstanding = 10,000 shares How much dividends per share did the company pay during the year? a. P9.60 b. P6.40 c. P16 d. P15
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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3. Following are selected data taken from the records of Jemson Company:
Income before tax = P200,000
Income tax rate = 40%
Dividend payout ratio = 0.80
Number of common shares outstanding = 10,000 shares
How much dividends per share did the company pay during the year?
a. P9.60
b. P6.40
c. P16
d. P15
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