Slate Rock and Gravel Co. sets its dividend using the target payout ratio policy. Selected financial data for Slate is available in the table below

What dividend should Slate Rock and Gravel offer for the coming year (Year 2 ) if it uses an adjustment factor of 1.0?

Selected Financial Information
Slate Rock and Gravel Co.
Year 1
Dividend per share (Year 1 ) $0.55
Target payout ratio 20%
Earnings per share (Year 1 ) $1.80
Earnings per share (Year 2 ) $2.15

A) $0.55
B) $0.62
C) $0.90
D) $0.93
E) $1.00


B

Business

You might also like to view...

Which of the following is not a trait of emotional intelligence?

A. self-awareness B. self-sufficiency C. relationship management D. social awareness E. self-management

Business

Pressure upon management to manipulate financial information is a common characteristic in fraud cases

a. True b. False Indicate whether the statement is true or false

Business

A study by Holiday Inn actually showed that as the number of defects per hotel increase, the amount of revenue per room increases

Indicate whether the statement is true or false

Business

Which statement about warnings in an employee manualis INcorrect?

a. Warnings should explain the reason for the warning. b. Warnings should be grouped at the end of the instructions. c. Warnings should alert readers to the possibility of damaging equipment. d. Warnings should alert readers about the possibility of injuring themselves.

Business