Garner Corporation issued $100,000 in common stock dividends in 2008. Its net income for 2008 was $200,000.
Question:
Garner Corporation issued $100,000 in common stock dividends in 2008.
Its net income for 2008 was $200,000. What is Garner’s dividend payout ratio?
a. 0.5
b. 2
c. 1
d. 5 Cornerstone Exercises Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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