In 2018, the net income was $3600 and cash dividends was $824. In 2019, the net...
In 2018, the net income was $3600 and cash dividends was $824. In 2019, the net income was $6758 and cash dividends was $1260.
1. What is the dividend payout ratio in 2018 and 2019?
2. What is the plowback ratio in 2018 and 2019?
Homework Answers
Dividend payout ratio=Dividend payout/Net income
Plowback ratio-1-Dividend payout ratio
| 2018 | 2019 | |
| Dividend payout ratio | (824/3600)=22.89%(or 0.2289)(Approx) | (1260/6758)=18.64%(or 0.1864 approx) |
| Plowback ratio | (1-0.2289)=77.11%(or 0.7711 approx) | (1-0.1864)=81.36%(or 0.8136 approx). |
Add Answer to:
In 2018, the net income was $3600 and cash dividends was $824.
In 2019, the net...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
2017 Mariner, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Dollars...
2017 Mariner, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Dollars in thousands Net Sales Revenue $ 183,000 $ 151,000 Cost of Goods Sold 94,000 85,000 Selling and Administrative Expenses 45,500 40,000 Interest Expense 7,500 10,500 Income Tax Expense 13,000 11,500 $ 23,000 $ 4,000 Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares outstanding During the Year $ 206,000 $ 189,000 $ 174,000 93,000 85,500 81,000 3,000 3,000 0 25,000...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400...
WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 $...
WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 $ 843 1,730 $2,573 $764 2,424 $ 981 Current assets Other assets 1,931 Total assets $3,188 $2,912 $ 588 $ 841 Current liabilities $ 734 Long-term liabilities Stockholders' equity 1,582 1,018 1,034 1,037 910 929 Total liabilities and stockholders ' equity $2,573 $3,188 $2,912 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019...
Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of...
Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Sales $10,200 Operating costs including depreciation 7,344 EBIT $2,856 Interest 396 EBT $2,460 Taxes (25%) 615 Net income $1,845 Prior to reporting this income statement, the company wants to determine its annual dividend. A.)The company has 500,000 shares of common stock outstanding, and its stock trades at $40 per share. The company had a 35% dividend payout ratio in 2018. If Brooks wants...
EBIT Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands...
EBIT Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Sales $19,300 Operating costs including depreciation 13,703 $5,597 Interest 297 EBT $5,300 Taxes (25) 1,325 Net income $3.975 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 560,000 shares of common stock outstanding and its stock trades at $49 per share. a. The company had a 60% dividend payout ratio in 2018. IF Brooks...
Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of...
Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Sales $19,000 Operating costs including depreciation 13,680 EBIT $5,320 Interest 264 EBT $5,056 Taxes (25%) 1,264 Net income $3,792 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 410,000 shares of common stock outstanding, and its stock trades at $52 per share. The company had a 55% dividend payout ratio in 2018. If Brooks wants...
s13-7 S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year...
s13-7
S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred od stock (par value, $120,000) and a $0.25 per share cash dividend on its common st (50,000 shares). Java then paid th dividends on January 4, 2019.
please show work? Check my Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020...
please show work?
Check my Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 683 2,416 2019 2018 $ 915 s 763 1,722 Current assets $ 1,923 Other assets $2,838 $3,099 $2,485 Total assets $806 1,003 1,029 Current liabilities 576 713 Long-term liabilities Stockholders' equity 1,513 1,010 851 921 $2,485 Total liabilities and stockholders' equity $3,099 $2,838 WIPER INC Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2019 2020...
ebook Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands...
ebook Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). $16.200 11,340 $4,860 Sales Operating costs including depreciation EBIT Interest EBT Taxes (25%) Net Income $4,596 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 310,000 shares of common stock outstanding, and its stock trades at $53 per share a. The company had a 35 dividend payout ratio in 2018. If Brooks wants to...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
2017 Mariner, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 2019 2018 Dollars in thousands Net Sales Revenue $ 183,000 $ 151,000 Cost of Goods Sold 94,000 85,000 Selling and Administrative Expenses 45,500 40,000 Interest Expense 7,500 10,500 Income Tax Expense 13,000 11,500 $ 23,000 $ 4,000 Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares outstanding During the Year $ 206,000 $ 189,000 $ 174,000 93,000 85,500 81,000 3,000 3,000 0 25,000...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400...
WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 $ 843 1,730 $2,573 $764 2,424 $ 981 Current assets Other assets 1,931 Total assets $3,188 $2,912 $ 588 $ 841 Current liabilities $ 734 Long-term liabilities Stockholders' equity 1,582 1,018 1,034 1,037 910 929 Total liabilities and stockholders ' equity $2,573 $3,188 $2,912 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019...
EBIT Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Sales $19,300 Operating costs including depreciation 13,703 $5,597 Interest 297 EBT $5,300 Taxes (25) 1,325 Net income $3.975 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 560,000 shares of common stock outstanding and its stock trades at $49 per share. a. The company had a 60% dividend payout ratio in 2018. IF Brooks...
s13-7
S13-7 Accounting for cash dividends Java Company earned net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred od stock (par value, $120,000) and a $0.25 per share cash dividend on its common st (50,000 shares). Java then paid th dividends on January 4, 2019.
please show work?
Check my Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 683 2,416 2019 2018 $ 915 s 763 1,722 Current assets $ 1,923 Other assets $2,838 $3,099 $2,485 Total assets $806 1,003 1,029 Current liabilities 576 713 Long-term liabilities Stockholders' equity 1,513 1,010 851 921 $2,485 Total liabilities and stockholders' equity $3,099 $2,838 WIPER INC Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2019 2020...
ebook Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). $16.200 11,340 $4,860 Sales Operating costs including depreciation EBIT Interest EBT Taxes (25%) Net Income $4,596 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 310,000 shares of common stock outstanding, and its stock trades at $53 per share a. The company had a 35 dividend payout ratio in 2018. If Brooks wants to...
Most questions answered within 3 hours.
-
The ΔGf0 values for HCO3- (aq),
CO32-(aq), and H+(aq) are -587.06,
-528.10 and 0 kJ mol-1,...
asked 17 minutes ago -
Southeast Soda Pop, Inc., has a new
fruit drink for which it has high hopes. John...
asked 19 minutes ago -
Time (s)
Position (m)
0
0
1
3
2
8
3
15
An object travels along...
asked 31 minutes ago -
A 4.298 g sample of the mineral tellurite (TeO2) was dissolved
in acid. A 50.00 mL...
asked 32 minutes ago -
The owner of a newsstand in a college community estimates the
weekly demand for a certain...
asked 35 minutes ago -
Part A 0.080 M in HNO3 and 0.185 M in HC7H5O2 Express your
answer to two...
asked 55 minutes ago -
10) A bungee cord measures 30 m when relaxed and has negligible
mass. When it is...
asked 1 hour ago -
Problem 5-48 Low Financing or Cash Back? (LG5-4, LG5-9)
A car company is offering a choice...
asked 1 hour ago -
The screen size of a TV is given by the length of the
rectangular diagonal.
Traditional...
asked 1 hour ago -
The zinc within a copper-plated penny will dissolve in
hydrochloric acid if the copper coating is...
asked 1 hour ago -
In 2 pages “If you are what you eat, then what does it
mean that the...
asked 1 hour ago -
Cable TV choices: A telecommunications company provided its
cable TV subscribers with free access to a...
asked 1 hour ago