Answer:
1/3 =5x-2
3(1/3)=3(5x-2)
1=15x-6
7=15x
x=7/15 (7/15 , 1/3)
Step-by-step explanation:
Gross profit, G = $2450665
Tax, t=18.5%
reinvestment, r = 25%
Total dividends
= G(1-t)(1-r)
=2450665*(1-0.185)(1-0.25)
=1497968.98
Dividend per share
=1497968.98/350000
=4.280
Earnings per share
EPS = Net profit / number of shares
= 2450665(1-0.185)/350000
=5.7065
Current price = 43.36
P/E ratio
= Current price/EPS
= 43.36/5.7065
= 7.598
=7.6 to one decimal place.
1.not a function 2. Not a function 3.function
