Blue Co. earns P2,850,000 in 2021 and it has a total outstanding shares of 425,000. On 2022, the earnings increase by P1,087,500 and the number of outstanding shares increased by 25,000. The dividend per share of the firm is constant at 3.5. What is the Plowback ratio in 2022? (type the answer in percentage with “%”)
Blue Co. earns P2,850,000 in 2021 and it has a total outstanding shares of 425,000. On 2022, the earnings increase by P1,087,500 and the number of outstanding shares increased by 25,000. The dividend per share of the firm is constant at 3.5. What is the Plowback ratio in 2022? (type the answer in percentage with “%”)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 24E
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Blue Co. earns P2,850,000 in 2021 and it has a total outstanding shares of 425,000. On 2022, the earnings increase by P1,087,500 and the number of outstanding shares increased by 25,000. The dividend per share of the firm is constant at 3.5. What is the Plowback ratio in 2022? (type the answer in percentage with “%”)
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