In its 2016 annual report Lockheed Martin reported net earni

In its 2016 annual report, Lockheed Martin reported net earnings of $5,302 million and dividends paid of $2,048 million. Your forecast of net income for Lockheed Martin for 2017 is $5,504 million.

Solution

Answer

the net earning in 2016 = 5302 millions

dividend paid = 2048

dividend % = 2048 / 5302 * 100

= 38.63 %

forecasted net income of 2017 = 5504 million

projected dividend = 5504 * 38.63 %

= 2126 million