The following financial information is available for Brightest Inc. (in millions) Average common stockholders' equity 2023 2022 $12,500.0 $11,200.0 $400.0 $350.0 Dividends declared for common stockholders Dividends declared for preferred stockholders $0 Net income $0 $2,500.0 $2,100.0 Instructions: Calculate the pay-out ratio and return on common stockholders' equity ratio for 2023.

The following financial information is available for Brightest Inc. (in millions) Average common stockholders' equity 2023 2022 $12,500.0 $11,200.0 $400.0 $350.0 Dividends declared for common stockholders Dividends declared for preferred stockholders $0 Net income $0 $2,500.0 $2,100.0 Instructions: Calculate the pay-out ratio and return on common stockholders' equity ratio for 2023.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?
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