Problem 3. Three Guards Corporation computed the following items from its financial records for the year-Price-Earnings ratio: 12x; Payout ratio: 60%; Asset turnover ratio: 0.90x

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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What is the dividend yield?
 
a. 5.0%
b. 7.5%
c. 7.2%
d. 10.8%
Problem 3. Three Guards Corporation computed the following items from its financial records for
the year-Price-Earnings ratio: 12x; Payout ratio: 60%; Asset turnover ratio: 0.90x
Transcribed Image Text:Problem 3. Three Guards Corporation computed the following items from its financial records for the year-Price-Earnings ratio: 12x; Payout ratio: 60%; Asset turnover ratio: 0.90x
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