Question: Please help solve required 3 and 4. I thought the answer would be 0.17 and 0.05 or 16.6% and 5.01% but both were incorrect. During

Please help solve required 3 and 4. I thought the answer would

Please help solve required 3 and 4. I thought the answer would be 0.17 and 0.05 or 16.6% and 5.01% but both were incorrect.

During the year, Ducat Company reported net income of \\( \\$ 12,080 \\), and its retained earning increased by \\( \\$ 4,000 \\) at the year end. Ducat Company has 2,000 outstanding shares and paid cash dividend of \\( \\$ 2,005 \\) during the year. Ducat Company currently traded on TSX at \\( \\$ 20.00 \\) per share. Required 1: How much is the earnings per share at the year end? \\( \\$ 6.04 \\) Required 2: Ducat Company's Price to Earnings ratio is: Required 3: Ducat Company's Dividend Payout ratio is: Required 4: Ducat Company's Dividend Yield is: 0.05

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f