Oakridge Corp has declared an annual dividend of 90 cents per share. Their after-tax profits for the year were R125,000 and they have 25,000 shares in issue. 1. Calculate the profit per share. 2. Determine the payout ratio.

Oakridge Corp has declared an annual dividend of 90 cents per share. Their after-tax profits for the year were R125,000 and they have 25,000 shares in issue. 1. Calculate the profit per share. 2. Determine the payout ratio.

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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Solve with explanation and accounting question

Oakridge Corp has declared an annual dividend of 90 cents
per share. Their after-tax profits for the year were R125,000
and they have 25,000 shares in issue.
1. Calculate the profit per share.
2. Determine the payout ratio.

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