Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
aznhermit101 aznhermit101
wrote...
Go to Answer
Posts: 131
Rep: 0 0
2 years ago
The common stock of Rob's Discount Furniture is currently selling at $65.20 a share. The company adheres to a 60% dividend payout ratio and has a P/E ratio of 19. There are 42,000 shares of stock outstanding. What is the amount of the annual net income for the firm?

▸ $42,338

▸ $36,032

▸ $144,126

▸ $72,064
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
marlboromanmarlboroman
wrote...
#1
Posts: 137
Rep: 1 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

aznhermit101 Author
wrote...

2 years ago
Good timing, thanks!
carston
wrote...

Yesterday
Thank you, thank you, thank you!
Lourd Jenkins
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1222 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 274
  
 25778
  
 235
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Who will win the 2024 president election?