Calculation of Dividend per Share and Retention Ratio by Homework Help Classof1

Calculation of Dividend per Share and Retention Ratio

byHomework Help Classof1

Kobo ebook | June 6, 2013

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"a)   A for-profit hospital earns a gross profit of $10 million. Twenty-five percent (25%) of this gross profit is retained earnings and another 30% is charged to corporate tax. If there are two 25% preferred shareholders and ten 10% ordinary shareholders, how much will each shareholder earn as dividend?
b)   If each preferred shareholder pays an income tax of 33.33% on their dividend income, what will be their net dividend earning?
c)   What is the retention ratio?
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Title:Calculation of Dividend per Share and Retention RatioFormat:Kobo ebookPublished:June 6, 2013Publisher:Classof1Language:English

The following ISBNs are associated with this title:

ISBN:9990006009422

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