dividend

Who can make the demands on the company   –Why ROI and Share Holder Value Program   –Why new Financial Ratios? –Owners/share holders need:  dividend 200*0.1  => 20 Eur –Lenders e.g. banks need interest  => 50 Eur –Company itself, retained earnings  => 20 Eur (need for R&D expenses 5-6% e.g. in car industry) Tax authority, income tax 60%  => 60 Eur Grand total: 150 Eur   Total shareholder return target  …