How much is the dividend payment for 2016

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ABC registered a net income of P 1,500,000 in 2016. The company's dividend policy includes payment of P2 dividend per ordinary share and P 15 for every preferred share in 2016. The company has issued 150,000 ordinary shares and 10,000 preferred shares. In 2017, the company's net earnings decreased by 20%.

How much is the dividend payment for 2016?

What is the dividend payout ratio?

How much is the dividend payment for 2017?

Assuming the Retained Earnings has a balance of P 1,000,000 at the beginning of 2016, what is its balance at the end of 2017 after payment of dividends?

Reference no: EM132436144

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