Justin Cement Company
Question 8)Justin Cement Company has had the following pattern of earnings per share over the last five years: YearEarningsPer Share 2006$9.00 2007 9.54 2008 10.11 2009 10.72 2010 11.32 The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dividends represent 40 percent of earnings. a.Project earnings and dividends for the next year (2011). (Round the […]