Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of
Question:
Ralite Company had net income for the year of $20 Million. It had 2 Million sharees of comon stock outstanding, with a year-end market price of $82 a share. Dividends during the year were $5.74 a share.
Required:
Calculate the following ratios:
(a) Price Earning Ratio
(b) dividend yield
(c) dividend payout
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Computation of the following Ratios a Price Earning Ratio Market Price per ...View the full answer
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Related Book For 
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ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
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