N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.42 of their Net Income as Retained Earnings? (Round to nearest penny and do not enter commas, e.g. 1234.56) 2015 Income Statement Revenue 185578 Costs 80433 Depreciation 19965 Ebit Interest Expense 7354 Taxable Income Tax Expense @ 22% Net Income

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
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N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.42
of their Net Income as Retained Earnings?
(Round to nearest penny and do not enter commas, e.g. 1234.56)
2015 Income Statement
Revenue
185578
Costs
80433
Depreciation
19965
Ebit
Interest Expense
7354
Taxable Income
Tax Expense @ 22%
Net Income
Transcribed Image Text:N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.42 of their Net Income as Retained Earnings? (Round to nearest penny and do not enter commas, e.g. 1234.56) 2015 Income Statement Revenue 185578 Costs 80433 Depreciation 19965 Ebit Interest Expense 7354 Taxable Income Tax Expense @ 22% Net Income
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