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.