Homework Answers
Solution :
Earning per share = Net Income /Weighted Average outstanding shares
Weighted average outstanding shares:
2020 = (32200 + 31200) / 2 = 31700 shares
2019 = (31200 + 30200)/2 = 30700 shares
Earning per share:
2020 = $89,000/31700 = $2.81 per share
2019 = $64,000/30700 = $2.08 per share
Dividend paid = Beginning retained earnings + Net Income - Ending retained earnings
2019 = $116,000 + $64,000 - $128,000 = $52,000
2020 = $128,000 + $89,000 - $178,000 = $39,000
Payout ratio = Dividend paid / Net Income
2020 = $39,000 / $89,000 = 43.82%
2019 = $52,000 / $64,000 = 81.25%
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49,900
44,100
47,800
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500,700
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145,700
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50,800
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348,000
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