Ivanhoe Ltd, reported net income of $5304000 for 2023, and earnings per share of $5. Included in the net income was $745000 of bond interest expense related to its long-term debt. The income tax rate for 2023 was 30%. Dividends paid on preferred shares was $1003000, The payout ratio on common shares was 20%. What were the dividends paid on common shares in 2023? $1060800 $1310100 $860200 $964512
Ivanhoe Ltd, reported net income of $5304000 for 2023, and earnings per share of $5. Included in the net income was $745000 of bond interest expense related to its long-term debt. The income tax rate for 2023 was 30%. Dividends paid on preferred shares was $1003000, The payout ratio on common shares was 20%. What were the dividends paid on common shares in 2023? $1060800 $1310100 $860200 $964512
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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