Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. dog river company has an operating profit of $308,

Dog River Company has an operating profit of $308,500. Interest expense for the year was...

80.2K

Verified Solution

Question

Finance

image

Dog River Company has an operating profit of $308,500. Interest expense for the year was $24,900; preferred dividends paid were $24,750; and common dividends paid were $63,600. The tax was $46,850. The Dog River Company has 40,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for Dog River Company. (Round the final answers to 2 decimal places.) b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Payout ratio % c. What was the increase in retained earnings for the year? Increase in retained earnings $ d. If Dog's share price is $53.00 what is its price-earnings ratio (P/E) ? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

The amount of energy when million atoms of iodine are completely converted into I ions...

Algebra
1.2K views

Remember that our goal is to add a number to a binomial to make it...

Basic Math
1.2K views

Solve the following quadratic inequality 2x 3x 3x 2 0 Write your answer in interval...

Psychology
1.2K views

Make recommendations on what the organisation can do to increase its outputs.

Physics
1.2K views

A) Three equal charges 6.3 ?C are located in the xy-plane, one at (0 m, 51...

Physics
1.2K views

3 240 nm 4 820 nm 29 A plane wavefront AB is incident on a...

Basic Math
1.2K views

A runner jogs 7 mi east then 3 mi south What is the bearing from...

Basic Math
1.2K views

Determine which sampling method was used in the following study.A certain species of tree in...

Statistics
1.2K views

A variable is normally distributed with mean 21 and standard deviation 3 Round your answers...

Calculus
1.2K views

36 Construct one period of the graph of the equation y sin x 6 Start...

Accounting
1.2K views

Part 4 Analytics Assignment (Excel Budgeting and Variance Analysis) [The following information applies to the...

Finance
1.2K views

Krell Industries has a share price of $22.96 today. If Krell is expected to pay...