Balance sheet shows the outstanding common stock amount

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Reference no: EM131545864

Zedtel Corporation’s Balance sheet shows the outstanding common stock amount to be AED 54,758,000. The share price of the company is 5 AED / share. Company shows a Profit of AED 760,000 this year. The management has decided to give 45% of the income as dividend.

Based on the above information calculate the following

1. No of outstanding shares

2. Dividend per share

3. Retained earnings for the year

Reference no: EM131545864

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