mebratkassa1 mebratkassa1

22-09-2021
Business

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2. Financial ratios: The following information is available about Rhine Company.
EBIT = $800,000 Income tax rate = 30%
Total assets = $10 million Coupon rate on bonds = 8%
Number of shares = 200,000 Long-term debt = $4 million Dividend payout ratio = 50% Short-term assets = $2 million Short-term liabilities = $1 million

Find its
(A) Current ratio
(B) Dividend per share, and
(C) Price per share

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tookyoglory02 tookyoglory02

22-09-2021

It’s 8 in a half to which is 50% and equals 2 million

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