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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Twenty metrics of liquidity, solvency, and profitability

The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8


Instructions

Dividends per share of common stock

To determine

Concept Introduction:

Dividend Yield Ratio:

Dividend Yield ratio is calculated as percentage by dividing the Dividend per share by Market price per share. The formula for the Dividend Yield ratio is as follows:

  Dividend Yield Ratio =  Dividend per shareMarketprice per share 

To Calculate:

The dividend per share of common stock.

Explanation

The Dividend per Share of Common Stock is calculated as follows:

    20Y8
    Common Dividend Paid (A)

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