Blossom Corp. has revenues of $12,298,000, costs of $9,223,500, interest payments of $412,500, and a tax...
Blossom Corp. has revenues of $12,298,000, costs of $9,223,500,
interest payments of $412,500, and a tax rate of 34 percent. It
paid dividends of $940,000 to its stockholders. What are the firm’s
dividend payout ratio and retention ratio? (Round
answers to 2 decimal places e.g. 17.55%.)
| Dividend payout ratio | enter the dividend payout ratio in percentages rounded to 2 decimal places % |
| Retention ratio | enter the retention ratio in percentages rounded to 2 decimal places % |
Homework Answers
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Blossom Corp. has revenues of $12,298,000, costs of $9,223,500,
interest payments of $412,500, and a tax...
Crane Corp. has revenues of $12,338,000, costs of $9,253,500, interest payments of $414,800, and a tax...
Crane Corp. has revenues of $12,338,000, costs of $9,253,500, interest payments of $414,800, and a tax rate of 34 percent. It paid dividends of $930,000 to its stockholders. What are the firm’s dividend payout ratio and retention ratio? Dividend payout ratio % Retention rate %
Oriole, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent....
Oriole, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent. If the firm pays out 43 percent of its earnings as dividends every year, how much earnings are retained and what is the firm’s retention ratio? (Round answers to 0 decimal places e.g. 1,575.) Retained earnings $ enter the retained earnings in dollars rounded to 0 decimal places Retention ratio enter the retention ratio in percentages rounded to 0 decimal places %
Pharoah Micro Brewers generated revenues of $12,184,000 with a 70 percent capital intensity ratio during the...
Pharoah Micro Brewers generated revenues of $12,184,000 with a 70 percent capital intensity ratio during the year ended September 30, 2017. Its net income was $852,880. With the introduction of a half dozen new specialty beers, management expects to grow sales by 15 percent next year. Assume that all costs vary directly with sales and that the firm maintains a dividend payout ratio of 70 percent. What will be the EFN needed by this firm? EFN $enter the external financing...
Wildhorse Micro Brewers generated revenues of $13,577,000 with a 60 percent capital intensity ratio during the...
Wildhorse Micro Brewers generated revenues of $13,577,000 with a 60 percent capital intensity ratio during the year ended September 30, 2017. Its net income was $814,620. With the introduction of a half dozen new specialty beers, management expects to grow sales by 15 percent next year. Assume that all costs vary directly with sales and that the firm maintains a dividend payout ratio of 70 percent. What will be the EFN needed by this firm? EFN $enter the external financing...
The stockholders’ equity accounts of Pronghorn Corp. on January 1, 2017, were as follows. Preferred Stock...
The stockholders’ equity accounts of Pronghorn Corp. on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,250 shares authorized) $255,000 Common Stock ($3 stated value, 350,000 shares authorized) 875,000 Paid-in Capital in Excess of Par Value—Preferred Stock 12,750 Paid-in Capital in Excess of Stated Value—Common Stock 560,000 Retained Earnings 686,000 Treasury Stock (4,250 common shares) 34,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 5,440 shares...
The stockholders’ equity accounts of Pronghorn Corp. on January 1, 2017, were as follows. Preferred Stock...
The stockholders’ equity accounts of Pronghorn Corp. on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,250 shares authorized) $255,000 Common Stock ($3 stated value, 350,000 shares authorized) 875,000 Paid-in Capital in Excess of Par Value—Preferred Stock 12,750 Paid-in Capital in Excess of Stated Value—Common Stock 560,000 Retained Earnings 686,000 Treasury Stock (4,250 common shares) 34,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1 Issued 5,440 shares...
Sunland, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent....
Sunland, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent. If the firm pays out 50 percent of its earnings as dividends every year, how much earnings are retained and what is the firm’s retention ratio? (Round answers to 0 decimal places e.g. 1,575.) Retained earnings $ Retention Rate %
Blossom Inc. has a patent that will expire in two years. The firm is expected to...
Blossom Inc. has a patent that will expire in two years. The firm is expected to grow at 11.4 percent for the next two years and dividends will be paid at year end. It just paid a dividend of $1. After two years, the growth rate will decline to 5.4 percent immediately, and the firm will grow at this rate forever. If the required rate of return is 11 percent, value the firm’s current share price. (Round intermediate calculations to...
Please help to show the workings. Blossom Corp issued 10-year bonds four years ago with a...
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Question If the Hunter Corp. has an ROE of 18 and a payout ratio of 26...
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