After a 5-for-1 stock split, the Swenson Company paid a dividend of $0.75 per new share, which represents a 9 percent increase over last year’s presplit dividend. What was last year’s dividend per share?
Answer to relevant QuestionsNorthern California Heating and Cooling, Inc. has a six-month backlog of orders for its patented solar heating system. To meet this demand, management plans to expand the firm’s production capacity by 40 percent with a $10 ...What are aging schedules, and how can the credit manager use them to more effectively manage accounts receivable?Wally’s Motors generally has inventory that equals $48 million. If the inventory turnover for the company is 8, what is its (a) Inventory conversion period (b) Cost of goods sold?The Saliford Corporation has an inventory conversion period of 60 days, a receivables collection period of 36 days, and a payables deferral period of 24 days.a. What is the length of the firm’s cash conversion cycle?b. If ...The Flamingo Corporation is trying to determine the effect of its inventory turnover ratio and DSO on its cash flow cycle. Flamingo’s 2015 sales (all on credit) were $180,000, and it earned a net profit of 5 percent, or ...
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