Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Chapter 15, Problem 55E

Rebert Inc. showed the following balances for last year:

Chapter 15, Problem 55E, Rebert Inc. showed the following balances for last year: Reberts net income for last year was

Rebert’s net income for last year was $3,182,000.

Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were $2,600,000 and that the market price per share of common stock is $51.50.

Required:

  1. 1. Compute the dividends per share.
  2. 2. Compute the dividend yield. (Note: Round to two decimal places.)
  3. 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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Chapter 15 Solutions

Managerial Accounting: The Cornerstone of Business Decision-Making

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