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Use the information in the table to find the following: Consider the following information about Truly Good Coffee, Inc. a. T
Question Help Wilfred Nadeau owns 100 shares of Consolidated Glue. The companys board of directors recently declared a cash


(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
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Answer #1

EPS = (Net Income - Dividends on preferred stock)/ No. of outstanding shares

= (21,100,000 - 1.87 * 500,000)/5,000,000

= $ 4.033

Dividend Payout Ratio = Dividends per share on common stock / EPS

= 0.71/4.033 = 0.18 or 18%

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