ZuoTi.Pro
Question

The common stock of KRJ Enterprises is currently selling for $37.44 per share. Last year the...

The common stock of KRJ Enterprises is currently selling for $37.44 per share. Last year the company reported total earnings of $355 million and there were 200 million shares of common stock outstanding. The company also paid out dividends of $176 million. What was the company's dividend payout ratio? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Show steps

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Dividend payout ratio =Dividend paid/Total earnings

Dividend payout ratio =176/355

Dividend payout ratio =49.58%

0 0
Add a comment
Know the answer?
Add Answer to:
The common stock of KRJ Enterprises is currently selling for $37.44 per share. Last year the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The common stock of KRJ Enterprises is currently selling for $32.78 per share. Last year the...

    The common stock of KRJ Enterprises is currently selling for $32.78 per share. Last year the company reported total earnings of $341 million and there were 200 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,990 million. What was the company's price/book ratio? Present your answer rounded to two decimal places (e.g., 20.00.)Please show all steps.

  • The common stock of KRJ Enterprises is currently selling for $32.74 per share. Last year the...

    The common stock of KRJ Enterprises is currently selling for $32.74 per share. Last year the company reported net income of $352 million and there were 200 million shares of common stock outstanding. What was the company's earnings per share? Present your answer to two decimal places. e.g. $20.00. Show steps

  • The common stock of KRJ Enterprises is currently selling for $24.43 per share. Last year the...

    The common stock of KRJ Enterprises is currently selling for $24.43 per share. Last year the company reported total earnings of $313 million and there were 200 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,757 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.) Please show all steps.

  • The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the...

    The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the company reported total earnings of $366 million and there were 200 million shares of common stock outstanding. The common stock account is valued at $36 million, additional paid-in capital is $60 million, and retained earnings is $317 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.) Please show all steps.

  • The common stock of KRJ Enterprises is currently selling for $38.76 per share. Last year the...

    The common stock of KRJ Enterprises is currently selling for $38.76 per share. Last year the company reported net income of $359 million. Included on its income statement was total depreciation expense of $54 million. There were 200 million shares of common stock outstanding. Using the proxy for cash flow, what is the company's price/cash flow ratio? Present your answer to two decimal places. e.g. 20.00.

  • a) Lockhart’s Bookstores is trading at $54 per share. There are 280 million shares outstanding. what...

    a) Lockhart’s Bookstores is trading at $54 per share. There are 280 million shares outstanding. what is the market capitalization of the company?    b) The MedTech company recently reported net profits after taxes of $15.8million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $ 1 million per year. compute the firm’s earnings per share (EPS)     (II) Assuming that the stock currently trades at $60 per share, determine what the firm’s dividend yield...

  • Green Company's common stock is currently selling for $80.97 per share. Last year, the company paid...

    Green Company's common stock is currently selling for $80.97 per share. Last year, the company paid dividends of $4.60 per share. The projected growth at a rate of dividends for this stock is 3.11 percent. Which rate of return does the investor expect to receive on this stock if it is purchased today? Round the answer to two decimal places in percentage form.

  • #1 Van Buren, Inc., currently pays $2.24 per share in dividends on its common stock. Dividends...

    #1 Van Buren, Inc., currently pays $2.24 per share in dividends on its common stock. Dividends are expected to grow at 7.00 % per year forever. If you require a 13.00 % rate of return (i.e., the discount rate) on this investment, what value would you place on a share of Van Buren common stock? Assume that the current dividend was just paid. Answer format: Currency: Round to 2 decimal places # 2 Bad Investment Incorporated has "promised" investors to...

  • 12. Raphael Corporation’s common stock is currently selling on a stock exchange at $171 per share,...

    12. Raphael Corporation’s common stock is currently selling on a stock exchange at $171 per share, and its current balance sheet shows the following stockholders’ equity section: Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 80,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 100,000 Retained earnings 320,000 Total stockholders' equity $ 500,000 Problem 13-5A Part 4 4. If two years’ preferred dividends are in arrears, what is the book value per share...

  • Green Company's common stock is currently selling for $53.04 per share. Last year, the company paid...

    Green Company's common stock is currently selling for $53.04 per share. Last year, the company paid dividends of $1.59 per share. The projected growth at a rate of dividends for this stock is 6.53 percent. Which rate of return does the investor expect to receive on this stock if it is purchased today?

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT