QUESTION AND ANSWER Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). Sales $15700 Operating costs including depreciation 12246 EBIT $3454 Interest 264 EBT $3190 Taxes (40%) 1276 Net income $1914 Prior to reporting this income statement, the company wants to determine its annual dividend. The company […]
If Brooks wants to maintain this payout ratio in 2016, what will be its per-share dividend in 2016? Round your answer to the nearest cent.$
ASSIGNMENT Question and Answers Brooks Sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). Sales $15700 Operating costs including depreciation 12246 EBIT $3454 Interest 264 EBT $3190 Taxes (40%) 1276 Net income $1914 Prior to reporting this income statement, the company wants to determine its annual dividend. The […]