Excel Online Structured Activity: Dividends Brooks Sporting Inc. prepared to report the following 2016 income statement (shown in thousands of dollars) Operating costs including depreciation 10184 - 400 ding and monocrodes M ere The databas been Prior to reporting this income statement, the company wants to determine its annual dividend. The company has ares of O collected in the Microsoft Excel Online Hebelow. Open the spreadsheet and perform the required analysis to answer the questions bele Open spreadsheet a. The company had a d dend payout 2015 b. If the company maintains this 40% payout ratio, what will be the current dividend yield on the company's stock Round your answer to two decimal places C. The company reported net income of $1.55 million in 2015. Assume that the number of shares outstanding has remained constant. What was the company's per sharedvided in 2015 Round your answer to the 2016 that paid in 2015. Choose this poscy, what will be the companys vidend d. As an alternative to maintaining the same dividend payout ratio, Brooks is considering maintaining the same per-share dividend payout ratio in 2016? Round your answer to two decimal places e. Assume that the company is interested in dramatically expanding its operations and that this expansion will require significant amounts of capital. The company would like to word transactions vived new equity. Given this scenario would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same pershare dividend? L. Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain a constant dividend payout ratio ll. Since the company would like to avoid transactions costs involved in issuing new equity, it would be best for the firm to maintain the same per share dividend Dividends WN Dollars in Thousands: Tax rate Operating cost % Common shares outstanding Common stock price Dividend payout ratio 6 40.00% 76.00% 480,000 $59.00 40.00% Sales 11 Operating costs 12 EBIT 13 Interest 14 EBT 15 Taxes 16 Net income $13,400 10,184 $3,216 231 $2,985 1,194 $1,791 17 18 Calculation of current per share dividend: 19 DPS, current year Formulas #N/A 21 Current dividend yield calculation: Current dividend yield #N/A Calculation of last year's per share dividend: Last year's net income 6 DPS last year $1,550 #N/A Calculation of dividend payout ratio based on last year's per share dividend: Dividend payout ratio on current net income #N/A