Company XYZ declared a dividend of Php 19,773,000 for its common stock. Suppose there are 42,504 shares of common stock, how much is the dividend per share? Round off the answer to two decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Company XYZ declared a dividend of Php 19,773,000 for its common stock. Suppose there are 42,504 shares
of common stock, how much is the dividend per share? Round off the answer to two decimal places.
Transcribed Image Text:Company XYZ declared a dividend of Php 19,773,000 for its common stock. Suppose there are 42,504 shares of common stock, how much is the dividend per share? Round off the answer to two decimal places.
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