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The following information pertains to Acme Service Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000 Stockholders' equitycommon 150,000 Total
The following information pertains to Acme Service Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000 Stockholders' equitycommon 150,000 Total stockholders' equity 200,000 Sales revenue 100,000 Net income 25,000 Number of shares of common stock 6,000 Common dividends 5,000 Preferred dividends 7,000 What is the dividend payout ratio for Acme Service's common stockholders? Options: A) 20% B) 28% C) 5% D) 48%
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