Multiple Choice
Zonvier, Inc., has sales of $53,800, a profit margin of 10.5%, and a plowback ratio of 40%. The company has 15,000 shares of stock outstanding. The firm uses the percentage of sales method for pro forma statements and estimates next year's sales will increase by 15%. What is the dividend per share expected to be next year?
A) $.249
B) $.250
C) $.260
D) $.268
E) $.274
Correct Answer:
Verified
Correct Answer:
Verified
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