N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.42 of their Net Income as Retained Earnings? (Round to nearest penny and do not enter commas, e.g. 1234.56) 2015 Income Statement Revenue 185578 Costs 80433 Depreciation 19965 Ebit Interest Expense 7354 Taxable Income Tax Expense @ 22% Net Income

N.E.R.D Incorporated has the following Income statement for 2015. What is the firms Dividend payout if they save 0.42 of their Net Income as Retained Earnings? (Round to nearest penny and do not enter commas, e.g. 1234.56) 2015 Income Statement Revenue 185578 Costs 80433 Depreciation 19965 Ebit Interest Expense 7354 Taxable Income Tax Expense @ 22% Net Income

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter17: Synthesis And Extensions

Section: Chapter Questions

Problem 3E

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