Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

146. Oriole Company had net income of $2023000 and paid dividends to common stockholders of $316000 in 2017. The weighted average number of shares outstanding

146. Oriole Company had net income of $2023000 and paid dividends to common stockholders of $316000 in 2017. The weighted average number of shares outstanding in 2017 was 421000 shares. Oriole Company common stock is selling for $50 per share on the NASDAQ. Tito Corporation's payout ratio for 2017 is

$5 per share.

16%.

13%.

8%.

148. Bramble Corp. had net income of $1617000 and paid dividends to common stockholders of $300000 in 2017. The weighted average number of shares outstanding in 2017 was 525000 shares. Bramble Corp.'s common stock is selling for $40 per share on the NASDAQ. Bramble Corp.'s payout ratio for 2017 is

$4 per share.

31%.

4%.

19%.

154. The current assets of Metlock, Inc. are $340000. The current liabilities are $175000. The current ratio expressed as a proportion is

$175000 $340000.

194%.

1.94:1.

.0.51:1.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Working Papers Volume 1 To Accompany Weygandt Financial And Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

1st Edition

1118233468, 978-1118233467

More Books

Students also viewed these Accounting questions