Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. miley corporation had net income of 300,000 and pa

Miley Corporation had net income of 300,000 and paid dividends to ordinary shareholders of 40,000...

50.1K

Verified Solution

Question

Accounting

image

Miley Corporation had net income of 300,000 and paid dividends to ordinary shareholders of 40,000 in 2024 . The weightedaverage number of shares outstanding in 2024 was 60,000 shares. Miley Corporation's ordinary shares are selling for 35 per share on the New York Stock Exchange. Miley Corporation's payout ratio for 2024 is $4.33 per share. 7.5% 13% 12%

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