Compute dividend payout ratio

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 76E
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Compute dividend payout ratio

Income Statement ($M)
2019
2020
Revenue
372
422
Depreciation
Other Operating Expense
12
15
271
298
Income Before Taxes
89
109
Таxes
23
28
Net Income
66
81
Dividends
20
19
Earnings per share
Dividends per share
Common Shares Outstanding
0.72
0.88
0.22
0.21
92
92
Transcribed Image Text:Income Statement ($M) 2019 2020 Revenue 372 422 Depreciation Other Operating Expense 12 15 271 298 Income Before Taxes 89 109 Таxes 23 28 Net Income 66 81 Dividends 20 19 Earnings per share Dividends per share Common Shares Outstanding 0.72 0.88 0.22 0.21 92 92
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