During fiscal year 2019, Jackson Corporation had sales of $80m. Cost of goods sold was 50...

 

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During fiscal year 2019, Jackson Corporation had sales of $80m. Cost of goods sold was 50 percent of sales. The company had depreciation expense of $25m and paid interest of $5m. Fixed assets were $63m. The company's tax rate is 35 percent. The Corporation's Dividend Policy states that it will pay out 40% of Net Income as Dividends to shareholders. The company currently has 10 million shares of common stock outstanding. Show the 2019 income statement for Jackson Corporation: Sales Cost of Good Sold 40 Depreciation EBIT Interest Expense Taxable Income Taxes 80 Net Income 25 15 5 10 3.5 6.5 million million million million million million million million What was the corporation's dividends per share for 2019? During fiscal year 2019, Jackson Corporation had sales of $80m. Cost of goods sold was 50 percent of sales. The company had depreciation expense of $25m and paid interest of $5m. Fixed assets were $63m. The company's tax rate is 35 percent. The Corporation's Dividend Policy states that it will pay out 40% of Net Income as Dividends to shareholders. The company currently has 10 million shares of common stock outstanding. Show the 2019 income statement for Jackson Corporation: Sales Cost of Good Sold 40 Depreciation EBIT Interest Expense Taxable Income Taxes 80 Net Income 25 15 5 10 3.5 6.5 million million million million million million million million What was the corporation's dividends per share for 2019?

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To calculate the corporations dividends per share for 2019 we first need to calculate the net ... View the full answer