Question

MJO Inc. has the following stockholders’ equity section of the balance sheet:
MJO Inc.
Balance Sheet (Partial)
On this date MJO’s stock was selling for $25 per share.

Required:
1. Assuming MJO’s dividend yield is 1 percent, what are the dividends per common share?
2. Assuming MJO’s dividend yield is 1 percent and its dividend payout is 20 percent, what is MJO’s net income?


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  • CreatedSeptember 22, 2015
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