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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 millionAdministrative expenses........................ $250,000Marketing and selling expenses............... $175,000Depreciation........................................ $500,000Interest expense.................................. $200,000Dividends paid..................................... $150,000
(TCO 1) Suppose that Sports Baseball has 20,000 shares of stock. What is the dividends per share figure?
5.08.757.505.50
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