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Compute book value per share for nokia

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Reference no: EM131534567

Question: Financial information for Nokia Corporation (www.nokia.com) follows.

Net income (in millions) . . . . . . . . . . . . . . . . . . . . . . . . . € 260

Cash dividends declared (in millions) . . . . . . . . . . . . . . . € 1,481

Cash dividends declared per share . . . . . . . . . . . . . . . . . € 0.40

Number of shares outstanding (in millions)* . . . . . . . . . 3,708

Equity applicable to shares (in millions) . . . . . . . . . . . . . €14,749

Required: 1. Compute book value per share for Nokia.

2. Compute earnings per share (EPS) for Nokia.

3. Compare Nokia's dividends per share with its EPS. Is Nokia paying out a large or small amount of its income as dividends? Explain.

Reference no: EM131534567

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