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 UP WITH 5.25...PLEASE HELP

Total dividends/Total shares outstanding

150,000/30,000
=5.0

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.

To calculate the dividends per share figure, you need to divide the total dividends paid by the number of shares of stock.

In this case, the total dividends paid is given as $150,000. The number of shares of stock is given as 30,000.

To find the dividends per share figure, you would divide $150,000 by 30,000:

Dividends per share = Total dividends paid / Number of shares of stock
Dividends per share = $150,000 / 30,000
Dividends per share = $5.00

Therefore, the correct answer is 5.0, not 5.25.