Last year the P.M. postem corporation had sales of $419,000, with a cost of goods sold of $111,000. The firm’s operating expenses were $126,000, and its increase in retained earnings was $85,700. There are currently 20,000 shares of common stock outstanding, the firm’s pays a $1.63 dividend per share, and the firms has no interest-bearing debt. B. Compute the firm’s operating profit margin The operating profit margin is Round to one decimal place.
Last year the P.M. postem corporation had sales of $419,000, with a cost of goods sold of $111,000. The firm’s operating expenses were $126,000, and its increase in retained earnings was $85,700. There are currently 20,000 shares of common stock outstanding, the firm’s pays a $1.63 dividend per share, and the firms has no interest-bearing debt. B. Compute the firm’s operating profit margin The operating profit margin is Round to one decimal place.
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 1P
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Last year the P.M. postem corporation had sales of $419,000, with a cost of goods sold of $111,000. The firm’s operating expenses were $126,000, and its increase in retained earnings was $85,700. There are currently 20,000 shares of common stock outstanding, the firm’s pays a $1.63 dividend per share, and the firms has no interest-bearing debt.
B. Compute the firm’s operating profit margin
The operating profit margin is
Round to one decimal place.
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