1-The following information pertains toCraneCompany. Assume that all balance sheet amounts represent average balance figures.

Total assets

$350000

Stockholders' equity-common

175000

Total stockholders' equity

180000

Sales revenue

150000

Net income

20000

Number of shares of common stock

6000

Common dividends

15000

Preferred dividends

7000

What is the payout ratio forCrane?

A-60%

B-75%

C-10%

D-30%

2-ShamrockInc. has6500shares of6%, $50par value, cumulative preferred stock and30000shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2022. The board of directors declared and paid a $12000dividend in 2021. In 2022, $72000of dividends are declared and paid. What are the dividends received by the common stockholders in 2022?

A-$40500.

B-$19500.

C-$45000.

D-$52500.

3-CheyenneCorporation had net income of $170000and paid dividends of $45000to common stockholders and $20,000 to preferred stockholders in 2021.CheyenneCorporation's common stockholders' equity at the beginning and end of 2021 was $830000and $1170000, respectively.CheyenneCorporation's payout ratio for 2021 was

A-26.5%.

B-41.2%.

C-3.5%.

D-5.4%.