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zhenek [66]
3 years ago
6

The common stock of Textile Mills pays an annual dividend of $1.65 a share. The company has promised to maintain a constant divi

dend even though economic times are tough. How much are you willing to pay for one share of this stock if you want to earn a 12 percent annual return?
Business
1 answer:
aleksandrvk [35]3 years ago
6 0

Answer:

$13.75

Explanation:

The following information is:

Annual dividend == $1.65 per share

And, the annual return = 12%

By using these information, we can find out the paying amount for one share which is shown below:

Paying amount = (Annual dividend ÷  Annual return) × 100

                         = $1.65 ÷ 12% × 100

                         = $13.75

We divide the annual dividend by the annual return so that per share value can arrive

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Explanation:

Rainier and Yakima Company several balances are omitted. These are calculated with reverse calculation. The material inventory at beginning of may is added with the purchases made and then ending inventory is subtracted to identify cost of goods manufactured.

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2 years ago
The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi
Vitek1552 [10]

Answer:

D) 18.2 times

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