This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Smith Motors Inc. manufactures, distributes, and services automotive parts and engines worldwide. ... (Read 73 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lindiwe on Apr 25, 2021

k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
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.
Answer Preview
Only 50% of students answer this correctly


lindiwe

  • Member
  • Posts: 577
Reply 2 on: Apr 25, 2021
:D TYSM

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

The peripheral nerves connect the brain and spinal cord to other parts of the body. The peripheral nerves connect the brain and spinal cord to other parts of the body.
The Whole Is Greater than the Sum of its Parts The Whole Is Greater than the Sum of its Parts
The firing order is cast or stamped on the intake manifold on most engines that have a distributor ... The firing order is cast or stamped on the intake manifold on most engines that have a distributor ...
Causes of Soil Erosion and Degradation worldwide Causes of Soil Erosion and Degradation worldwide
Cell parts and their functions Cell parts and their functions
The current status of gene therapy worldwide The current status of gene therapy worldwide
Video: Gas exchange - driving force

For a complete list of videos, visit our video library