Question and Answers

admin one

8 months ago

Question and Answers

Question Description

I’m working on a mathematics multi-part question and need the explanation and answer to help me learn.

Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars).

Sales$15700Operating costs including depreciation12246EBIT$3454Interest264EBT$3190Taxes (40%)1276Net income$1914

Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 310000 shares of stock outstanding, and its common stock trades at $54 per share. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

Open spreadsheet

The company had a 50% dividend payout ratio in 2015. If Brooks wants to maintain this payout ratio in 2016, what will be its per-share dividend in 2016? Round your answer to the nearest cent.$ fill in the blank 2

Explanation & Answer:

1 Question

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