Nova Earned $7

question 27

Multiple Choice

Nova earned $7.20 per share and maintains a stable payout ratio of 60 percent.Nova has 1,000,000 shares outstanding and a capital budget of $5 million.If Nova maintains a debt ratio of 0.50, what were the dividends per share?

• A)$4.32
• B)$2.88
• C)$2.20
• D)cannot be determined from the information provided

Grasp the basics of genetics and conditions associated with genetic abnormalities.

Understand the concept and application of the percentage-of-receivables method and the direct write-off method for estimating bad debts.

Know how to adjust the Allowance for Doubtful Accounts and calculate bad debt expense under different estimation methods.

Identify the impact of using national credit cards on the accounting process of retailers.