Posted by **MeMe** on Tuesday, September 6, 2011 at 8:15pm.

3. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:

Cost of goods sold............................... $1.2 million

Administrative expenses........................ $250,000

Marketing and selling expenses............... $175,000

Depreciation........................................ $500,000

Interest expense.................................. $200,000

Dividends paid..................................... $150,000

(TCO 1) Suppose that Sports Baseball has 30,000 shares of stock. What is the dividends per share figure?

(Points : 3)

5.0

8.75

5.25

8.50

I CUM UP WITH 5.25...PLEASE HELP

- BUSN -
**piriposa_9**, Friday, October 28, 2011 at 12:47pm
Total dividends/Total shares outstanding

150,000/30,000

=5.0

- BUSN -
**Terry Floyd**, Tuesday, September 10, 2013 at 9:51pm
4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows:

Cost of goods sold............................... $1.2 million

Administrative expenses........................ $250,000

Marketing and selling expenses............... $175,000

Depreciation........................................ $500,000

Interest expense.................................. $200,000

Dividends paid..................................... $150,000

(TCO 1) Assuming a tax rate of 30%, the percentage of dividends per net income is approximately ______ and operating cash flow is _________ than net income.

Hint: You need to calculate the net income and divide dividends by the net income.

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