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Author Question: Smith Motors Inc. manufactures, distributes, and services automotive parts and engines worldwide. ... (Read 70 times)

lindiwe

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on: Apr 25, 2021
Smith Motors Inc. manufactures, distributes, and services automotive parts and engines worldwide. Smiths' income statement for the year just ending is shown below. What was Smith Motors' dividend payout rate in Year 1?

Smith Motors Inc.
Income Statement
Year 1 ($000,000s)
Revenue$19,115
COGS14,255
SG&A2,245
Dep. Exp.344
EBIT2,271
Int. Exp.47
Pre-Tax Income2,223
Income Tax767
Net Income1,456
​​
Shares Outstanding (millions)175
Total Common Dividends$290.50

◦ 12.79%
◦ 13.07%
◦ 14.80%
◦ 17.50%
◦ 19.95%
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by lindiwe on Apr 25, 2021

k.lashomb

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lindiwe

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

xoxo123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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