The earnings of an oil and gas company in 2022 were $1,313 million, and the company...
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The earnings of an oil and gas company in 2022 were $1,313 million, and the company plans for $552 million capital expenditure, and $539,713 million-acquisition in 2023. Suppose the company had no other large capital spending, and the target deb-to-equity ratio is 0.38. The company have 162 million common shares outstanding. How much dividend per share can the company afford to pay out? The earnings of an oil and gas company in 2022 were $1,313 million, and the company plans for $552 million capital expenditure, and $539,713 million-acquisition in 2023. Suppose the company had no other large capital spending, and the target deb-to-equity ratio is 0.38. The company have 162 million common shares outstanding. How much dividend per share can the company afford to pay out?
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ANSWER I To determine how much dividend per share the company can afford to pay out we need to calcu... View the full answer
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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