How much in dividends forecasted net income


Mortal Inc. expects to have a capital budget of $500,000 next year. The company wants to maintain a target capital structure with 30% debt and 70% equity, and its forecasted net income is $400,000. If the company follows the residual dividend policy, how much in dividends, if any, will it pay?

Request for Solution File

Ask an Expert for Answer!!
Business Management: How much in dividends forecasted net income
Reference No:- TGS083197

Expected delivery within 24 Hours