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eBook Brooks Sporting Inc is prepared to report the following 2018 income statement (shown in thousands of dollars). Sales $14,400 Operating costs including depreciation 10,944 EBIT $3,456 Interest 396 EBT $3,060 Taxes (407) 1,224 Net Income $1,836 Prior to reporting this income statement the company wants to determine its annual dividend. The company has 390,000 shares of common stock outstanding, and its stock trades at $48 per share. The company had a sow dividend payout ratio in 2017. ar Brooks wants to maintain this payout ratio in 2016, what will be its per share divided in 20187 Round your answer to the nearest cent. $ b. If the company maintains this 50% payout ratio, what will be the current dividend the company's stock Round your answer to two decimal places c. The company reported net income of $1.55 million in 2017. Assume that the number of shares outstanding has remained constant. What was the company's per-share dividend in 20177 Round your answer to the nearest cent. d. As an alternative to maintaining the same dividend payout ratio, Brooks is considering maintaining the same per-share dividend in 2018 that it paid in 2017. If chooses this policy, what will be the company's dividend payout ratio in 2018? Round your answer to two decimal places

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