For this question, use the information for Sports Baseballs, Inc. Sports Basebal

Question

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 20,000 shares of stock. What is the dividends per share figure?

(Points : 3)
5.0
8.75
7.50
5.50

Explanation / Answer

5.25

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