Shanghai Ltd has declared an annual dividend of go cents per share. Their after-tax profits for the year were R60,000 and they have 12,000 shares in issue. 1. Calculate the profit per share. 2. Determine the payout ratio.

Shanghai Ltd has declared an annual dividend of go cents per share. Their after-tax profits for the year were R60,000 and they have 12,000 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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Provide this question solution general finance

Shanghai Ltd has declared an annual dividend of go cents per share.
Their after-tax profits for the year were R60,000 and they have
12,000 shares in issue.
1. Calculate the profit per share.
2. Determine the payout ratio.

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