Jeff? Healy, a junior financial analyst at The Soulless Shoe?Company, has been asked to calculate this? year's dividend. Jeff has gathered the following? data:
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CAPEX? (spending on fixed? assets) = $ 8295.00 |
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Increase in net working capital? = $ 3555.00 |
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Target capital structure is 40 % |
debt and
60 %
|
equity |
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Net income is? = $ 9,000 |
If Soulless follows a residual dividend? policy, what portion of its net income will it pay out as? dividends?
