1. Delatrinidad Corporation's net income last year was $7,745,000. The dividend on common stock was $13.2 per share and the dividend on preferred stock was $3.1 per share. The market price of common stock at the end of the year was $54.2 per share. Throughout the year, 460,000 shares of common stock and 230,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to

a. 1.51

b. 1.55

c. 3.54

d. 0.86

2.Last year the return on total assets in Jeffrey Company was 7.50%. The total assets were 4.3 million at the beginning of the year and 5.2 million at the end of the year. The tax rate was 30%, interest expense totaled $180 thousand, and sales were $6.6 million. Net income for the year was:

a. $315,000

b. $230,250

c. $176,250

d. $302,250

3.Crandler Company's net income last year was $68,000. The company paid preferred dividends of $24,000 and its average common stockholders' equity was $500,000. The company's return on common stockholders' equity for the year was closest to:

a. 18.4%

b. 4.8%

c. 8.8%

d. 13.6%